Western Securities finalizes 1.5 bn yuan bond offering

Western Securities Co. Ltd. has announced the successful completion of its 2025 public offering of corporate bonds (fourth tranche) to professional investors. The issuance, approved by the China Securities Regulatory Commission (CSRC), had a maximum issuance size of 1.5 billion yuan.

The offering took place from November 12, 2025, to November 13, 2025. Following negotiations between the issuer and the lead underwriter, the final issuance amount was 1.5 billion yuan. The bonds were priced at 100 yuan per unit, with a coupon rate of 1.98%, and achieved a subscription multiple of 3.06 times, indicating strong demand.

All investors in this tranche met the requirements outlined in relevant regulations, including those from the Shenzhen Stock Exchange. Notably, the issuer's directors, supervisors, senior management, shareholders holding more than 5% of shares, and other related parties, as well as the underwriters and their related parties, did not participate in this bond subscription.