GF SEC (01776) announced that GF Securities Co., Ltd. (the "Issuer") has received registration approval from the China Securities Regulatory Commission under Document No. [2024] 1258 for the public issuance of subordinated corporate bonds with a face value not exceeding 20 billion yuan (inclusive) to professional institutional investors.
The existing bonds, GF Securities Co., Ltd. 2025 Subordinated Bonds for Professional Investors (3rd Tranche), completed issuance on July 18, 2025, with a 3-year term (July 18, 2025 to July 18, 2028) and a coupon rate of 1.85%.
The follow-on issuance of GF Securities Co., Ltd. 2025 Subordinated Bonds for Professional Investors (3rd Tranche) (the "Current Follow-on Bonds") maintains the same bond term and coupon rate as the existing bonds. The current follow-on bonds have a maximum face value of 3 billion yuan (inclusive), with each bond having a face value of 100 yuan. The issue price was determined through bookbuilding.
On August 15, 2025, the issuer and lead underwriter conducted price inquiry among professional institutional investors offline, with a price inquiry range of 98.800-101.600 yuan. Based on the offline price inquiry results from professional institutional investors, the issuer and bookrunner reached consensus within the price inquiry range in accordance with relevant regulations, ultimately determining the issue price of the current follow-on bonds at 99.740 yuan.
The issuer will conduct offline issuance to professional institutional investors at the aforementioned issue price from August 18 to August 19, 2025.