trending Market Intelligence /marketintelligence/en/news-insights/trending/tnvlghzhhfmaw4r12cr9jw2 content esgSubNav
In This List

Guoyuan Securities to issue up to 6B yuan of convertible debt

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Guoyuan Securities to issue up to 6B yuan of convertible debt

Guoyuan Securities Co. Ltd. plans to issue up to 6 billion Chinese yuan worth of convertible bonds.

The six-year notes, whose coupon rate is yet to be determined, can be converted into China-listed shares.

Proceeds will go toward expanding the company's credit business, optimizing its brokerage operations and boosting investment into its asset management operations, among others, according to May 18 filings.

As of May 17, US$1 was equivalent to 6.37 Chinese yuan.