Great Wall Securities finalizes coupon rates for new corporate bonds

Great Wall Securities Co., Ltd. has finalized the coupon rates for its 2025 public issuance of corporate bonds (third tranche) to professional investors. The issuance, with a scale not exceeding 2.0 billion yuan, is divided into two tranches: a 2-year maturity (Tranche 1) and a 3-year maturity (Tranche 2). Following an inquiry on October 13, 2025, the final coupon rate for Tranche 1 has been set at 1.98%, while Tranche 2 will bear a coupon rate of 2.07%.

The inquiry process involved professional institutional investors. Tranche 1's initial rate range was from 1.4% to 2.4%, and Tranche 2's was from 1.5% to 2.5%. The final rates were determined after consultation and judgment between the issuer and lead underwriters.

Subscription for these bonds will be open to professional investors from October 14, 2025, to October 15, 2025. Further details are available on the websites of the Shenzhen Stock Exchange and Cninfo.