Great Wall Securities finalizes bond coupon rates

Great Wall Securities Co., Ltd. announced the finalized coupon rates for its 2025 public issuance of subordinated corporate bonds (second tranche) to professional investors. The issuance, with a total scale not exceeding RMB 2 billion, is divided into two tranches. Tranche 1 has a 2-year term, and Tranche 2 has a 3-year term.

Following an inquiry with professional institutional investors on November 5, 2025, Tranche 1's coupon rate was set at 1.98%, while Tranche 2's coupon rate was set at 2.10%. The initial inquiry ranges were 1.5%-2.5% for Tranche 1 and 1.7%-2.7% for Tranche 2.

The subscription period for professional investors is scheduled from November 6, 2025, to November 7, 2025. Further details regarding the subscription methods were published on the Shenzhen Stock Exchange and Cninfo websites on November 4, 2025.