Great Wall Securities' latest bond offering oversubscribed, raises 1.6 bn yuan

Great Wall Securities Co., Ltd. successfully issued 1.6 billion yuan in its 2025 corporate bonds (tranche 2) to professional investors, achieving 80% of its target issuance size of up to 2.0 billion yuan. The offering, conducted via a private placement, took place from September 9 to September 10, 2025.

The issuance comprised two tranches: Tranche 1, with a 3-year term, raised 1.1 billion yuan at a coupon rate of 1.99% and saw an oversubscription rate of 3.53 times. Tranche 2, with a 5-year term, raised 0.5 billion yuan at a coupon rate of 2.19% and was oversubscribed by 2.12 times. This strong demand indicates robust investor confidence in Great Wall Securities.

The proceeds from the bond issuance, after deducting issuance expenses, will be used to repay existing company bond principal, including 1.0 billion yuan from the '23 Great Wall 09' bonds and 0.6 billion yuan from the '23 Great Wall 11' bonds. The company confirmed that no related parties, including its own executives or affiliates, participated in the direct or indirect subscription of the bonds.