tiprankstipranks

China Galaxy Securities Issues New Subordinated Bonds

China Galaxy Securities Issues New Subordinated Bonds

China Galaxy Securities Co (DE:CGL) has released an update.

China Galaxy Securities Co., Ltd. has successfully completed the public issuance of its 2024 subordinated bonds, totaling RMB 2.6 billion, to professional investors. This third tranche includes both three-year bonds at a 2.10% coupon rate and five-year bonds at a 2.22% coupon rate, aimed at boosting the company’s working capital. Notably, related parties of the underwriters have taken part in the subscription, while company insiders and significant shareholders did not.

For further insights into DE:CGL stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App