Great Wall Securities' 2025 bonds debut on Shenzhen exchange

Great Wall Securities Co., Ltd.'s 2025 public issuance of corporate bonds (Tranche 3) for professional investors will be listed on the Shenzhen Stock Exchange starting October 22, 2025. This issuance, comprising two tranches, is available for trading by institutional investors through various methods, including matched trading, click trading, inquiry trading, bid trading, and negotiated trading. Both Tranche 1 and Tranche 2 received AAA/AAA credit ratings from China Lianhe Credit Rating Co., Ltd. Each tranche has an issuance amount of CNY 10 bn and a face value of CNY 100 per bond, with an opening reference price of CNY 100 per bond.

Tranche 1 has a 2-year term with a fixed annual interest rate of 1.98%, maturing on October 15, 2027. Tranche 2 has a 3-year term, offering a fixed annual interest rate of 2.07%, and will mature on October 15, 2028. Both tranches will make interest payments annually, with their interest accrual date being October 15, 2025.

The bonds were issued between October 14, 2025, and October 15, 2025, with the listing date set for October 22, 2025. This listing underscores Great Wall Securities' continued presence in the bond market for professional investors.