GF Securities sets coupon rate for short-term 2025 corporate bonds

GF Securities Co., Ltd. announced the public issuance of its 2025 corporate bonds (fifth tranche) to professional investors, with a total face value not exceeding RMB20 bn. Concurrently, the company revealed a separate issuance of 2025 short-term corporate bonds (ninth tranche) for professional investors, not exceeding RMB3 bn. The coupon rate for the ninth tranche short-term bonds has been fixed at 1.71%. The bonds were priced following an inquiry period with an interest rate range of 1.20%-2.20%.

The fifth tranche bonds, comprising two varieties with maturities of two and five years respectively, have a face value of RMB100 per bond and an issuance price of RMB100 per bond. The coupon rate for these bonds will be determined by inquiry. Both bond issuances will be directed towards professional institutional investors and are unsecured. GF Securities continues its debt financing efforts, supported by lead underwriters Guotai Haitong Securities, with co-underwriters China Securities Co., Ltd., Orient Securities, and Huatai United Securities.