Guosen Securities maintains AAA rating on 3bn yuan bond re-issue

Guosen Securities announced the re-issuance of its 2025 corporate bonds to professional investors, maintaining an AAA credit rating with stable outlook. The bonds carry a 2.17% coupon rate and mature March 19, 2028.

The total re-issuance will not exceed 3 billion yuan, with proceeds used to repay interest-bearing debt. This continues the initial second tranche bonds worth 1.2 billion yuan at the same coupon rate.

As of March 31, 2025, the Chinese brokerage reported total assets of 5.06 trillion yuan and net assets of 1.20 trillion yuan, with a liability-to-asset ratio of 70.98%.