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.