Western Securities sets 1.98% coupon rate for corporate bonds

Western Securities Co., Ltd. announced the coupon rate for its 2025 public issuance of corporate bonds (tranche 4) to professional investors has been set at 1.98%. This decision follows a book-building process conducted on November 11, 2025, with professional institutional investors. The initial inquiry range for the coupon rate was between 1.50% and 2.50%.

The issuance, with an approved scale of up to RMB180bn and a current offering size not exceeding RMB1.5bn for this tranche, will be offered to professional institutional investors from November 12 to November 13, 2025. This follows approval from the China Securities Regulatory Commission (CSRC) under document number CSRC Permit (2024) 60.

Detailed subscription information for these bonds is available through the offering announcement published on November 10, 2025, on the websites of the Shenzhen Stock Exchange and Cninfo.