GF Securities launches $3bn short-term bond offering for professional investors

GF Securities (GF Securities) is preparing to issue a sixth tranche of short-term corporate bonds in 2025, targeting professional investors. The offering, with a maximum value of CNY 3 billion, is earmarked to refinance existing short-term debt, aligning with regulatory guidelines and the company’s financial strategy. The bonds will be offered at par with a fixed interest rate determined through a book-building process. The offering period is slated for July 10-11, 2025, pending regulatory approvals for listing on the Shenzhen Stock Exchange. In connection with the offering, the company has designated China Merchants Securities, Haitong Securities, and Ping An Securities as underwriters. GF Securities faces no legal restrictions on this issuance. However, investors should be aware that an agreement was made that a portion of the equity has changed and should be interpreted in relation to this notice. In addition, all of the filings required for this offering have been received.