By Marisa Wong
Madison, Wis., March 17 – Citic Securities Co. Ltd. announced it issued RMB 11.5 billion of 5½% subordinated bonds on Monday, according to a notice.
The five-year bonds are callable at the end of the third year.
This is the issuer’s first tranche of subordinated bonds for 2015. Shareholders had approved at the annual general meeting on June 18, 2014 the issuance of up to RMB 40 billion of onshore and offshore corporate debt financing instruments.
Citic Securities is a Beijing-based investment bank and is a subsidiary of Citic Group.
| Issuer: | Citic Securities Co. Ltd.
|
| Issue: | Subordinated bonds, first tranche 2015
|
| Amount: | RMB 11.5 billion
|
| Maturity: | Five years
|
| Coupon: | 5½%
|
| Call option: | At the end of third year
|
| Settlement date: | March 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
