Core Points - Guangfa Securities has announced the public issuance of corporate bonds totaling up to RMB 20 billion, which has received approval from the China Securities Regulatory Commission [1] - The sixth phase of corporate bonds will have a total issuance scale of no more than RMB 4.47 billion, with a face value of RMB 100 per bond, distributed through offline inquiries to professional institutional investors [1] - The issuance period for these bonds is set from November 7 to November 10, 2025, with two varieties of bonds having different terms and interest rates [1] Summary by Category - Issuance Details - The total issuance scale for the sixth phase of corporate bonds is capped at RMB 4.47 billion [1] - The bonds will be issued at a price of RMB 100 each, targeting professional institutional investors through offline inquiries [1] - Bond Characteristics - Variety one has a term of 2 years, with a final issuance scale of RMB 3.31 billion and a coupon rate of 1.84%, achieving a subscription multiple of 2.44 times [1] - Variety two has a term of 5 years, with a final issuance scale of RMB 1.16 billion and a coupon rate of 2.03%, achieving a subscription multiple of 2.79 times [1]
广发证券完成发行44.7亿元公司债券