GF Securities raises 2.26 bn yuan in subordinated bond re-issuance

GF Securities Co., Ltd. announced it has raised 2.26 billion yuan from its 2025 public offering of subordinated bonds (tranche 3) (re-issuance) (second time) to professional investors. The bonds have a three-year term, maturing on July 18, 2028, and a coupon rate of 1.85%. The final issuance price was 99.597 yuan per bond, attracting a subscription multiple of 1.73 times.

The offering, which ran from September 11 to September 12, 2025, was registered with the China Securities Regulatory Commission for an aggregate amount not exceeding 20 billion yuan. The proceeds from this re-issuance will be used entirely to repay the "24 GF 07" bonds.

Notably, the company's directors, supervisors, senior management, shareholders with over 5% stake, and other related parties, as well as the lead underwriters and their affiliates, did not participate in the subscription of these bonds. All participating investors met the suitability requirements outlined in relevant regulatory provisions.