GF Securities to re-issue subordinated bonds for professional investors

GF Securities Co., Ltd. announced the second re-issuance of its 2025 third-tranche subordinated bonds, targeting professional investors. The re-issued bonds will maintain the same terms as the existing tranche, including a 3-year tenor and an interest rate of 1.85%, with a face value of RMB 100 per bond. The total re-issuance amount will not exceed RMB 3 bn, and the proceeds will be used to repay maturing company bonds. The issuance is rated AAA by China Chengxin International Credit Rating.

As of March 31, 2025, GF Securities reported consolidated net assets of RMB 1,557.05 bn and a consolidated asset-liability ratio of 75.92%. For the first quarter of 2025, the company achieved a total operating income of RMB 7.24 bn and a net profit of RMB 2.97 bn. The company emphasizes stable operating results, strong profitability, and robust risk management, adhering to regulatory requirements.

The re-issuance process is scheduled to begin with price inquiry on September 10, 2025, and the subscription period will run from September 11 to September 12, 2025. This re-issuance is part of a larger plan to publicly issue up to RMB 20 bn in subordinated company bonds to professional investors, approved by the China Securities Regulatory Commission on September 5, 2024.