Published on 3/23/2017 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy sells RMB 4.26 billion 4.98% bonds in two tranches
By Marisa Wong
Morgantown, W.Va., March 23 – China Galaxy Securities Co., Ltd. said it issued RMB 4.26 billion of corporate bonds on Thursday.
The company sold RMB 1.76 billion of 4.98% two-year bonds and RMB 2.5 billion of 4.98% 2½-year bonds.
Proceeds will be used to supplement working capital.
The brokerage is based in Beijing.
Issuer: | China Galaxy Securities Co., Ltd.
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Issue: | Corporate bonds, 2017 second tranche
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Amount: | RMB 4.26 billion
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Maturity: | Two years for RMB 1.76 billion, 2½ years for RMB 2.5 billion
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Coupon: | 4.98%
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Settlement date: | March 23
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