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".