GF SEC Completes Issuance of 2026 Professional Investor Public Offering Corporate Bonds (Sixth Tranche)

Stock News
Jul 09

GF SEC has announced the completion of its 2026 public offering corporate bonds targeted at professional investors, specifically the sixth tranche.

The issuance, as per the company's prospectus, had a total planned scale of up to RMB 6 billion, with each bond priced at RMB 100. The offering was conducted through a private placement method directed at professional institutional investors.

The subscription period for this bond tranche spanned from July 8 to July 9, 2026. It comprised two series: Series One, with a 3-year term, achieved a final issuance size of RMB 3.13 billion, a final coupon rate of 1.67%, and a subscription multiple of 2.45 times. Series Two, featuring a 5-year term, recorded a final issuance size of RMB 1.88 billion, a final coupon rate of 1.79%, and a subscription multiple of 2.26 times.

The net proceeds from this bond issuance are designated for the repayment of the company's existing bonds, specifically "24 Guangfa 12" and "24 Guangfa 01".

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