Northeast Securities to issue new subordinated bonds worth up to 1 bn yuan

Northeast Securities Co., Ltd. announced the public issuance of its 2025 subordinated bonds (fifth tranche) to professional investors, with a maximum offering size of 1 bn yuan. This issuance is the sixth tranche under the company's registration for publicly issuing subordinated corporate bonds with a total face value not exceeding 8 bn yuan, approved by the China Securities Regulatory Commission on November 29, 2024. The bonds have a term of 3 years, bear fixed interest, and are unsubordinated to general creditors but senior to equity capital. The interest rate inquiry range is 2.20%-3.20%.

Great Wall Securities Co., Ltd. will serve as the lead underwriter, bookrunner, and bond trustee for this offering. The inquiry period for the bonds is September 16, 2025, with the issuance expected to commence on September 17, 2025, and conclude on September 18, 2025. Funds raised will primarily be used to repay corporate bonds with a term of one year or more. The bond's credit rating is AA+ with a stable outlook, and the company's long-term issuer credit rating is AAA.

The company's latest financial data as of March 31, 2025, shows total assets of 88.395 bn yuan and net assets of 19.682 bn yuan. The asset-liability ratio is 68.78%. The issuance aligns with the company's strategic financial management and is expected to optimize its debt structure and enhance short-term solvency.