Guosen Securities to issue sixth tranche of 2025 corporate bonds

Guosen Securities Co., Ltd. announced the public issuance of its 2025 corporate bonds (tranche six) to professional investors, with a maximum issuance size of 4.3 bn yuan. These bonds, with a term of 3 years, will be offered at par value and carry a fixed interest rate determined by an offline inquiry. The issuance is scheduled to commence on September 16, 2025, following the publication of the offering announcement on September 12, 2025, and will close on September 17, 2025. The company will apply for listing the bonds on the Shenzhen Stock Exchange post-issuance.

The bond issuance comes after a change in nomenclature, as approved by the China Securities Regulatory Commission in November 2024. The original "Guosen Securities Co., Ltd. 2024 Corporate Bonds" has been officially renamed "Guosen Securities Co., Ltd. 2025 Corporate Bonds (Tranche Six)," and the bond short name has been updated to "25 Guozheng 10."

Proceeds from the issuance are earmarked for the repayment of existing interest-bearing debts, with up to 3.3 bn yuan allocated for this purpose, and to supplement working capital, with up to 1 bn yuan. The company has already completed prior tranches under the same approval, utilizing proceeds for similar purposes, demonstrating ongoing efforts to manage its debt structure and operational liquidity.