trending Market Intelligence /marketintelligence/en/news-insights/trending/P5FLalgDJ8Asa4izv8ATrA2 content esgSubNav
In This List

China Galaxy Securities issues subordinated bonds, commercial paper

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


China Galaxy Securities issues subordinated bonds, commercial paper

China Galaxy Securities Co. Ltd. has completed an issuance of 5 billion yuan of subordinated bonds and 2 billion yuan of commercial paper.

The company issued 1 billion yuan of two-year bonds priced with a coupon of 3.65% and 4 billion yuan of three-year bonds priced with a coupon 3.75%, according to a Jan. 15 release.

The proceeds from the bond issuance will be used to supplement the company's working capital or to repay its interest-bearing debts.

In addition, China Galaxy Securities issued 2 billion yuan of short-term commercial paper with a term of 91 days and a final coupon rate of 2.75%, according to a separate same-day release.

The proceeds from the issuance of the commercial paper will be used to supplement the working capital of the company.

As of Jan. 15, US$1 was equivalent to 6.89 Chinese yuan.