China Galaxy Securities Co., Ltd. Announces Completion of Non-Public Issuance of 2021 Corporate Bonds (Second Tranche)
September 15, 2021 at 05:05 am EDT
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China Galaxy Securities Co., Ltd. announced the amendment to the plan on authorization given by the shareholders' general meeting to the board of directors of the Company was approved at the annual general meeting of the Company held on 22 June 2017, pursuant to which, the Board has been authorized to issue debt financing instruments with a balance of not exceeding 350% of the net capital of the Company. The Board wishes to announce that in accordance with the above authorization of the shareholders and the approval from the Shanghai Stock Exchange, the Company has completed the non-public issuance of 2021 corporate bonds (second tranche) (the "Corporate Bonds") on 15 September 2021. The issue size of the Corporate Bonds is RMB 4.505 billion with the nominal value and the issue price of RMB 100 per unit. The Corporate Bonds consist of two types, of which the first type has a term of two years (the "Two-year Corporate Bonds") and the second type has a term of three years (the "Three-year Corporate Bonds"). The final issue size of the Two-year Corporate Bonds is RMB 3.2 billion with a final coupon rate of 3.15%, and the final issue size of the Three-year Corporate Bonds is RMB 1.305 billion with a final coupon rate of 3.30%. The proceeds from the issuance of the Corporate Bonds will be used to replenish working capital or repay matured debts of the Company.
China Galaxy Securities Co., Ltd. is an investment holding company mainly engaged in the securities brokerage business. Along with subsidiaries, the Company operates its business through eight segments: the Securities Brokerage segment, the Proprietary Trading and Other Securities Trading Services segment, the Investment Banking segment, the Asset Management segment, the Futures Brokerage segment, the Overseas Business segment, the Private Equity Investment segment, and Others segment. The Securities Brokerage segment provides securities dealing and broking, margin financing and securities lending. The Proprietary Trading and Other Securities Trading Services segment is engaged in trading of equities, bonds, funds, derivatives and other financial products. The Investment Banking segment provides corporate finance services and financial advisory services. The Asset Management segment provides portfolio management, investment advisory and transaction execution services.