Guosen Securities sets bond rate, extends bookbuilding, adjusts board

Guosen Securities Co., Ltd. has set the coupon rate for its 2025 public corporate bonds (sixth tranche) at 1.96%. The bonds, with a maximum issuance size of 4.3 billion yuan and a 3-year term, were initially open for inquiry between 1.40% and 2.40%. Due to market volatility, the bookbuilding period was extended from 18:00 to 19:00 on September 15, 2025.

In a separate announcement, Guosen Securities disclosed changes to its board, increasing the number of directors from nine to eleven, including one employee director and one independent director. Li Ming was elected as an employee director and Zhang Shouwen as an independent director, both effective from September 15, 2025. Additionally, the company's "Management Measures for External Borrowing and Guarantees" was revised to reflect stricter internal controls and governance.

The revised management measures, approved by the 2025 second extraordinary general meeting, formalize guidelines for external borrowing and guarantees, including approval procedures and information disclosure requirements. These changes underscore the company's commitment to enhancing governance and risk management.