CGWS(SZ:002939) Zheng Quan Zhi Xing·2025-09-05 16:13Group 1 - The company, Great Wall Securities Co., Ltd., has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds with a face value of up to 12 billion yuan, with the current issuance being the third phase of this bond series, amounting to no more than 2 billion yuan [2][3] - The bonds will be issued in two varieties, with the first variety having a term of 3 years and the second variety having a term of 5 years, both priced at 100 yuan per bond [10][11] - The company has a credit rating of AAA, with a stable outlook, and the average distributable profit for the last three fiscal years is reported to be 1.306 billion yuan [3][14] Group 2 - The bonds will be offered exclusively to professional institutional investors, with a minimum subscription amount of 10 million yuan [5][10] - The interest rate for the bonds will be determined through a pricing inquiry process, with the expected range for the first variety being 1.4%-2.4% and for the second variety being 1.6%-2.6% [16][27] - The funds raised from this bond issuance will be used to repay maturing debts, and a special account will be established for managing these funds [12][13]