Changjiang Securities' latest bond issue sees strong investor demand

Changjiang Securities Company Limited announced the successful conclusion of its 2025 public offering of corporate bonds (fourth tranche) to professional investors. The offering, with an approved registration of up to RMB 200 billion by the China Securities Regulatory Commission, saw the fourth tranche capped at RMB 30 billion. The bonds were priced at RMB 100 per unit, with the final issuance amount reaching RMB 30 billion.

The offering, conducted from November 13 to November 14, 2025, achieved a final coupon rate of 1.93% and an oversubscription ratio of 2.62 times, indicating robust demand from professional investors. Notably, the company's directors, supervisors, senior management, and shareholders with over 5% stake, along with other related parties, did not participate in the subscription.

The lead underwriters, CITIC Securities, China Securities, and Huatai United Securities, along with their affiliates, collectively subscribed to RMB 8.30 billion of the bonds. The company confirmed that all investors met the eligibility requirements outlined in relevant regulations.