China Galaxy (06881) released an announcement that, following the authorization from the aforementioned Shareholder and the approval from the Shanghai Exchange, the company has...
According to a notice from China Galaxy (06881), based on the authorization from the aforementioned shareholders and the approval of the Shanghai Exchange, the company has completed a non-public issuance of 2025 CSI Enterprise bonds (Phase I) to professional investors on January 9, 2025. The issuance scale of this bond is 4 billion yuan, with both the face value and the issuance price set at 100 yuan per unit. This bond includes two varieties with terms of two years and three years. The final issuance scale for the two-year variety is 1.5 billion yuan, with a final coupon rate of 1.72%; the final issuance scale for the three-year variety is 2.5 billion yuan, with a final coupon rate of 1.75%. The funds raised from this bond issuance will be used to repay the principal of the company's maturing bonds.
The underwriting institutions for this bond and their affiliates participated in the subscription of this bond. CSC subscribed for the two-year variety for 0.05 billion yuan, while its affiliate, China CITIC Bank Corporation, subscribed for 0.14 billion yuan of the two-year variety.
