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Everbright Securities to raise up to 6B yuan through bonds

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Everbright Securities to raise up to 6B yuan through bonds

Everbright Securities Co. Ltd. plans to raise up to 6 billion yuan through the issuance of bonds in two tranches.

The offering is worth 2 billion yuan, with an overallotment option of up to 4 billion yuan.

One tranche will consist of three-year bonds with a 4.80% coupon, while the other will consist of five-year bonds with a 4.90% coupon.

As of Oct. 12, US$1 was equivalent to 6.59 Chinese yuan.