Zhi Tong Cai Jing·2025-11-12 10:17Core Points - Guangfa Securities (01776) announced the issuance of subordinated bonds aimed at professional investors, with two bond types: "22 Guangfa C3" and "22 Guangfa C4" [1] - The "22 Guangfa C3" bond has a 3-year term with a total issuance scale of 2 billion RMB and a coupon rate of 2.86%, while the "22 Guangfa C4" bond has a 5-year term with a total issuance scale of 500 million RMB and a coupon rate of 3.20% [1] - Interest payments for "22 Guangfa C3" will be 1,028.60 RMB (including tax) per 1,000 RMB face value, and for "22 Guangfa C4," it will be 32.00 RMB (including tax) per 1,000 RMB face value [1] Summary by Category Bond Issuance - Guangfa Securities issued subordinated bonds for professional investors, with "22 Guangfa C3" and "22 Guangfa C4" as the two types [1] - The total issuance scale for "22 Guangfa C3" is 2 billion RMB, while "22 Guangfa C4" is 500 million RMB [1] Terms and Rates - "22 Guangfa C3" has a 3-year term and a coupon rate of 2.86% [1] - "22 Guangfa C4" has a 5-year term and a coupon rate of 3.20% [1] Interest Payments - Interest for "22 Guangfa C3" will be 1,028.60 RMB per 1,000 RMB face value [1] - Interest for "22 Guangfa C4" will be 32.00 RMB per 1,000 RMB face value [1]