Zheng Quan Zhi Xing·2025-08-07 16:24Core Viewpoint - The announcement details the issuance results of the third phase of corporate bonds by GF Securities Co., Ltd., with a total issuance amount of up to RMB 50 billion, approved by the China Securities Regulatory Commission [1] Group 1: Issuance Details - The total face value of the corporate bonds issued is up to RMB 200 billion, with the third phase specifically targeting a maximum issuance of RMB 50 billion [1] - The issuance period for the bonds is from August 6, 2025, to August 7, 2025 [1] - The first type of bond has a term of 3 years, with a final issuance scale of RMB 39 billion and a coupon rate of 1.80%, achieving a subscription multiple of 1.73 times [1] - The second type of bond has a term of 5 years, with a final issuance scale of RMB 11 billion and a coupon rate of 1.88%, achieving a subscription multiple of 2.33 times [1] Group 2: Investor Participation - The board members, supervisors, senior management, and shareholders holding more than 5% of the shares did not participate in the bond subscription [2] - The underwriters and their affiliates participated in the subscription, with total allocations of RMB 3.2 billion from Guotai Junan Securities Co., Ltd.'s affiliates and RMB 1.9 billion from CITIC Securities Co., Ltd.'s affiliates [2] - All investors participating in the bond subscription comply with relevant regulations, including the Company Bond Issuance and Trading Management Measures and the Shenzhen Stock Exchange's rules [2]