CGS Completes RMB3.00 Billion Second Tranche of 2026 Short-Term Bonds at 1.53% Coupon

Bulletin Express
06/24

China Galaxy Securities Co., Ltd. (CGS) announced the completion of its 2026 short-term corporate bonds (second tranche) on 24 June 2026, reinforcing its near-term funding position.

The tranche raised RMB3.00 billion through units priced at RMB100, carrying a 273-day tenor and a final coupon rate of 1.53%. Proceeds are earmarked to supplement working capital.

The issuance falls under a shareholder mandate—approved on 17 February 2025—that authorizes the board to issue debt financing instruments up to 350% of the company’s latest audited net assets. It also follows the China Securities Regulatory Commission’s October 2025 green light for CGS to publicly issue up to RMB15.00 billion in short-term corporate bonds to professional investors.

CSC Financial Co., Ltd. served as lead underwriter. Its related party, CITIC Trust Co., Ltd., subscribed for RMB100.00 million of the bonds. No directors, senior management, or shareholders holding more than 5% of CGS participated in the subscription.

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