Core Viewpoint - China International Capital Corporation (CICC) has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue perpetual subordinated bonds and subordinated bonds to professional investors, with a total face value of up to 200 billion yuan for each type of bond [1] Group 1 - The CSRC issued two approvals for CICC: one for the issuance of perpetual subordinated bonds and another for subordinated bonds [1] - The total face value for the issuance of perpetual subordinated bonds is capped at 200 billion yuan, and the same applies to subordinated bonds [1] - The approvals are valid for 24 months from the date of registration, allowing the company to issue the bonds in tranches within this period [1]

Core Points - The company has received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated bonds and subordinated bonds totaling up to 200 billion yuan each [1] Group 1 - The approval allows the company to issue a total of up to 200 billion yuan in perpetual subordinated bonds [1] - The approval also includes a separate issuance of up to 200 billion yuan in subordinated bonds [1] - The registration approval is valid for 24 months from the date of approval [1] Group 2 - The company plans to issue the bonds in installments as per regulations and requirements [1]

Group 1 - The stock price of Huaxin Cement (600801) closed at 20.25 yuan on October 23, 2025, down by 1.56% with a turnover rate of 1.31% and a trading volume of 175,700 lots, amounting to a total transaction value of 352 million yuan [1] - On October 23, the net outflow of main funds was 17.48 million yuan, accounting for 4.96% of the total transaction value, while retail investors saw a net inflow of 14.74 million yuan, representing 4.18% of the total transaction value [1][3] Group 2 - Huaxin Cement announced the approval of a public bond issuance plan on March 19, 2025, with a scale not exceeding 3 billion yuan, and a term of no more than 10 years [2] - The company successfully issued 1.5 billion yuan of technology innovation bonds (second phase) with a coupon rate of 1.99% and a term of 3 years, with the raised funds intended for repaying interest-bearing debts [2][3] - The issuer's credit rating is AAA, which indicates a strong creditworthiness [2]

格隆汇10月23日丨中材国际(600970.SH)公布，本次债券发行的注册额度不超过人民币20亿元（含）， 一次性注册，择机分期发行。本次债券发行的募集资金扣除发行费用后用于公司日常生产经营活动和产 业发展，包括但不限于偿还有息债务、补充流动资金、项目建设及投资等符合国家法律法规规定的用 途。具体募集资金用途提请股东会授权董事会并由董事会进一步授权公司董事长、总裁和财务总监根据 公司实际需求情况确定。本次发行公司债券募集资金的运用将有利于优化公司债务结构，降低公司融资 成本，促进公司持续健康发展。 ...

Core Viewpoint - Goldman Sachs (GS.US) issued $10 billion in investment-grade bonds, marking its largest bond issuance in nearly four years, following record third-quarter revenue [1] Group 1: Bond Issuance Details - The bond issuance consists of five parts, with the longest being an 11-year bond that combines fixed and floating rates, yielding 0.92 percentage points above U.S. Treasury rates [1] - The initial spread was approximately 1.15 percentage points [1] - This issuance is the largest since January 2022, when Goldman raised $12 billion through six transactions [1] Group 2: Financial Performance - Goldman Sachs reported third-quarter investment banking fees of $2.66 billion, exceeding analyst expectations of $2.18 billion [1] - The company's total revenue for the quarter was $15.18 billion, ranking as the third-highest quarterly revenue in its history [1] Group 3: Market Context - A series of large merger and acquisition deals are boosting trading activity on Wall Street, which had previously been subdued by trade uncertainties [1] - Following the earnings reports from six major U.S. banks, traders initially expected bond issuance to reach about $20 billion this week, but JPMorgan strategists predicted a total issuance of only $15 billion for the month, down from $20 billion after the second-quarter earnings [1] Group 4: Investor Sentiment - Investors remain skeptical about the pace of bond issuance due to narrow bond spreads and lack of guidance from management, with expectations for reduced issuance size [2] - The bonds are expected to be rated A2 by Moody's and BBB+ by S&P Global Ratings [2]

Core Viewpoint - The company UAB "Atsinaujinančios energetikos investicijos" is launching a public offering of EUR 2025/2026 Notes under a EUR 50 million Bond Programme, aiming to raise up to EUR 25 million in nominal value [1][2]. Group 1: Offering Details - The first tranche of the offering is set to issue up to EUR 25 million of nominal value Notes maturing on 4 December 2026 [2][9]. - The interest rate for the Notes is 8.50%, with interest payments made semi-annually [9]. - The subscription period for the Notes runs from 15 October 2025 to 31 October 2025 at 2:30 PM CEST [9]. Group 2: Investor Information - The company will hold investor presentations via webcast on 21 October 2025, with sessions in both English and Lithuanian [3]. - Interested investors must contact their brokerage company to submit a subscription order [2]. - Further details and required documents regarding the offering are available on the company's website [4][7].

Core Points - The company UAB "Atsinaujinančios energetikos investicijos" is launching a public offering of EUR 2025/2026 Notes under a EUR 50 million Bond Programme [1][7] - The first tranche aims to issue up to EUR 25 million of nominal value Notes maturing on 4 December 2026, targeting investors in Lithuania, Latvia, and Estonia [2][9] - The interest rate for the Notes is set at 8.50%, with interest payments made semi-annually [9] Offering Details - Subscription period for the Notes is from 15 October 2025 to 31 October 2025 at 2:30 PM CEST [9] - The settlement and issue date for the Notes is scheduled for 4 November 2025 [9] - The denomination of the Notes is EUR 1,000 [9] Investor Presentations - The company will hold investor presentations via webcast on 21 October 2025, with sessions in both English and Lithuanian [3]

Core Points - China Galaxy Securities (601881)(06881) has received approval from the China Securities Regulatory Commission to publicly issue short-term corporate bonds with a face value of up to RMB 15 billion [1] - The approval is valid for a period of 24 months, allowing the company to issue the bonds in tranches during this timeframe [1]

Core Viewpoint - The company has received a no-objection letter from the Shanghai Stock Exchange regarding its non-public issuance of corporate bonds, allowing for a total issuance amount of up to 10 billion yuan [1] Group 1 - The company is authorized to issue corporate bonds not exceeding 10 billion yuan to professional investors [1] - The no-objection letter is valid for 12 months from the date of issuance, allowing the company to issue the bonds in installments within this period [1] - The Shanghai Stock Exchange has confirmed that the bond issuance meets the conditions for listing and transfer [1]

Core Points - The company, GF Securities, has received approval from the China Securities Regulatory Commission to publicly issue short-term corporate bonds with a face value not exceeding 30 billion yuan [1] - The bonds, named "25广D13" with code "524462", will have a face value of 100 yuan each and a maximum issuance of 30 million bonds [1] - The interest rate inquiry range for the bonds is set between 1.20% and 2.20%, with the final coupon rate to be determined on October 10, 2025 [1]