China Great Wall Securities finalizes rates for tranche 2 bonds after extension

China Great Wall Securities Co., Ltd. has finalized the coupon rates for its 2025 publicly issued corporate bonds (tranche 2) to professional investors. The second issuance, not exceeding RMB2 billion, is part of a total issuance scale not exceeding RMB12 billion.

The 3-year "Tranche 1" bond has a final coupon rate of 1.99%, while the 5-year "Tranche 2" bond has a coupon rate of 2.19%. These rates were determined after a book-building process on September 8, 2025. Tranche 1's inquiry range was between 1.4% and 2.4%, and Tranche 2's between 1.6% and 2.6%.

The subscription period for professional investors is from September 9 to September 10, 2025. Details are available on the Shenzhen Stock Exchange and Cninfo websites.

The book-building period on September 8, 2025, was extended from 18:00 to 19:00 due to market changes, following a consensus between the issuer, bookrunner, and other participants. This extension facilitated the finalization of the coupon rates.