China Galaxy Securities Co. Ltd. raised 5.5 billion yuan through a nonpublic issuance of subordinated bonds.
The two-year bonds were priced with a coupon rate of 5.38%, according to a May 24 release.
The proceeds from the issuance will be used to supplement the company's working capital.
As of May 24, US$1 was equivalent to 6.38 Chinese yuan.
