GF Securities (01776) has announced the completion of its corporate bond offering. According to the issuance details for the company's 2026 corporate bonds targeting professional investors (second tranche), the total planned issuance scale was up to 6 billion yuan (inclusive), with an issuance price of 100 yuan per bond. The bonds were distributed through a private placement to professional institutional investors via a book-building process.

The subscription period for this bond tranche ran from April 17, 2026, to April 20, 2026. Series one bonds feature a 3-year term, with a final issuance size of 3.2 billion yuan, a coupon rate of 1.72%, and a subscription multiple of 2.48 times. Series two bonds carry a 5-year term, with a final issuance size of 2 billion yuan, a coupon rate of 1.86%, and a subscription multiple of 2.63 times.

Proceeds from the bond issuance will be allocated as follows: 1 billion yuan will be used to repay the "21 GF 04" bonds, 960 million yuan to repay the "24 GF 14" bonds, 1.5 billion yuan to repay the "23 GF 06" bonds, and 1.74 billion yuan to repay the "21 GF 06" bonds.