GF Securities sets coupon rate for latest bn yuan bond issue

GF Securities Co. has announced the coupon rate for its 2025 publicly offered subordinated bonds (fifth tranche) to professional investors. The issuance, designated as "25 GF C7" (bond code: 524544), is part of a larger offering with a total registered face value not exceeding 200 bn yuan and a planned issuance size of up to 30 bn yuan for this tranche. The offering received approval from the China Securities Regulatory Commission (CSRC) via document [2024] 1258.

The coupon rate was determined through a book-building process conducted on November 17, 2025, among professional institutional investors, with an inquiry range of 1.60% to 2.60%. Following negotiations between the issuer and the bookrunner, the final coupon rate for these bonds has been set at 2.00%.

The subscription period for professional institutional investors at this fixed coupon rate is scheduled from November 18, 2025, to November 19, 2025. Further details can be found in the "Announcement on the Issuance of GF Securities Co., Ltd. 2025 Publicly Offered Subordinated Bonds (Fifth Tranche) to Professional Investors" published on November 14, 2025, on the websites of the Shenzhen Stock Exchange and Cninfo.