GF Securities raises 47.3 bn yuan in corporate bond offering

GF Securities Co., Ltd. announced the successful completion of its 2025 public corporate bonds (tranche 4) offering to professional investors. The issuance saw the fourth tranche reach a combined size of 47.3 billion yuan. The bonds were priced at 100 yuan per unit and offered to professional institutional investors through an inquiry and allotment process.

The offering comprised two tranches. Tranche one, with a 2-year term, raised 42.2 billion yuan at a coupon rate of 1.93% and was 1.92 times oversubscribed. Tranche two, with a 3-year term, raised 5.1 billion yuan at a coupon rate of 1.95% and saw an oversubscription rate of 2.78 times. The proceeds from this bond issuance are designated to supplement the company's working capital.

Neither the company's directors, supervisors, senior management, nor shareholders holding over 5% of shares, along with other related parties, participated in the subscription. However, related parties of lead underwriters Guotai Haitong Securities Co., Ltd. and CITIC Securities Co., Ltd. did participate, securing allocations of 0.2 billion yuan, 1 billion yuan, and 1 billion yuan, respectively. These allocations were deemed fair and compliant with established procedures.