Zheng Quan Ri Bao·2025-11-19 13:40Core Points - China Galaxy Securities announced the issuance of its third phase of non-public corporate bonds aimed at professional investors, with a total issuance scale of up to RMB 5 billion [1] - The bonds are divided into two types: a 2-year bond and a 3-year bond, with the issuance price set at RMB 100 per bond [1] - The issuance was completed on November 19, 2025, with the 2-year bond having an actual issuance scale of RMB 3.7 billion and a final coupon rate of 1.92%, while the 3-year bond had an actual issuance scale of RMB 1.3 billion and a final coupon rate of 1.97% [1] Summary by Category Issuance Details - The total issuance scale for the third phase of bonds is set at a maximum of RMB 5 billion, which includes both bond types [1] - The bonds are issued through a book-building process targeted at professional investors [1] Bond Types and Terms - The bonds are categorized into two types: - Type One: 2-year bond with an actual issuance of RMB 3.7 billion and a coupon rate of 1.92% [1] - Type Two: 3-year bond with an actual issuance of RMB 1.3 billion and a coupon rate of 1.97% [1] Subscription Metrics - The subscription multiple for the 2-year bond was 2.4108 times, while for the 3-year bond, it was 3.4769 times, indicating strong investor interest [1]