Guosen Securities redeems bonds, gets approval for new short-term issuance

Guosen Securities announced the redemption and delisting of its 2022 publicly issued corporate bonds (tranche 5) for professional investors, with the "22 Guoxin 06" bonds maturing on October 20, 2025. The bonds, issued with a coupon rate of 2.58%, will pay out principal of yuan 1,000 and interest of yuan 25.80 (before tax) per 10 bonds, totaling yuan 1,025.80. The record date for bondholders to receive payments is October 17, 2025, with a last trading day on the same date. Individual investors will incur a 20% tax on interest, resulting in a net payment of yuan 1,020.64 per 10 bonds.

In a related development, Guosen Securities also announced it received approval from the China Securities Regulatory Commission to publicly issue short-term corporate bonds to professional investors. The approval, valid for 24 months, permits an issuance with a face value balance not exceeding yuan 150 bn. This strategic move aligns with the company's financial operations, allowing it to manage existing debt while securing new funding opportunities.