Great Wall Securities lists new bonds, redeems maturing issuances

Great Wall Securities Co., Ltd. announced the listing of its 2025 public offering of subordinated corporate bonds (Tranche 2) for professional investors on the Shenzhen Stock Exchange, effective November 14, 2025. This issuance includes "25 Great Wall C3" (bond code: 524518.SZ), a two-year bond with a coupon rate of 1.98% and an issue amount of CNY 10 bn, and "25 Great Wall C4" (bond code: 524519.SZ), a three-year bond with a coupon rate of 2.10% and an issue amount of CNY 10 bn. Both bonds have a face value and opening reference price of CNY 100 per bond.

Concurrently, Great Wall Securities is managing interest payments and redemption for two maturing tranches of its 2023 corporate bonds (Tranche 5). The "23 Great Wall 10" bond (code: 148510.SZ), with a face value of CNY 100 and a coupon rate of 2.93%, will pay its final interest on November 17, 2025, with bondholders receiving CNY 29.30 (before tax) per CNY 1,000 face value. Similarly, the "23 Great Wall 09" bond (code: 148509.SZ), with a face value of CNY 100 and a coupon rate of 2.87%, will undergo both interest payment and principal redemption on November 17, 2025, after which it will be delisted from the Shenzhen Stock Exchange.