GF Securities (SHE:000776, HKG:1776) will issue 1 billion yuan of five-year convertible bonds, according to a Thursday filing with the Shenzhen Stock Exchange.
The bonds have an initial conversion price of 24.95 yuan per share and a coupon rate of 0.01%, convertible from March 2, 2027 to Aug. 29, 2031.
Shares of GF Securities jumped nearly 4% in Shenzhen and more than 3% in Hong Kong Thursday morning.
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