据了解，本期债券发行规模不超过15亿元，债券期限为3年期。根据安排，将按上述票面利率，于2025 年9月25日-2025年9月26日面向专业机构投资者网下发行。 据深圳证券交易所官网消息，9月24日晚间，山西证券（524458）发布公告，对于山西证券股份有限公 司2025年面向专业投资者公开发行的次级债券（第二期），经发行人和主承销商协商一致，确认票面利 率为2.43%。 ...

Group 1 - Huatai Securities announced the completion of its public issuance of subordinated bonds (Phase III) for professional investors on September 22, 2025 [1] - The total issuance scale of this bond is 1 billion yuan, with a coupon rate of 2.24% [1] - The subscription multiple for this bond issuance was 3.30 times [1]

Group 1 - The core announcement is about Guangfa Securities (01776) issuing subordinated bonds aimed at professional investors, with the issuance scheduled from September 11 to September 12, 2025 [1] - The total issuance amount is set at 2.26 billion yuan, with a final issuance price of 99.597 yuan [1] - The subscription multiple for this bond issuance is reported at 1.73 times [1] Group 2 - The funds raised from this bond issuance will be used entirely to repay the "24 Guangfa 07" bond [1]

华泰证券(06886)公布，华泰证券股份有限公司2025年面向专业投资者公开发行次级债券(第二期)发行工 作已于2025年9月10日结束。本期债券最终发行规模为20亿元，票面利率为2.19%，认购倍数为2.18倍。 ...

Group 1 - The company announced that its wholly-owned subsidiary, Maigao Securities, will issue a private placement of subordinated bonds not exceeding RMB 600 million to optimize its debt structure and reduce liquidity risks [1][2] - The bond issuance will be at par value, with interest paid annually and principal repaid at maturity, with the last interest payment made together with the principal [1] - The board of directors has authorized Maigao Securities to determine the specific terms of the bond issuance, including scale, duration, timing, interest rate, and use of proceeds, within the limits set by the resolution [2] Group 2 - The bond issuance is expected to enhance Maigao Securities' operational capital, improve its overall capital strength, and increase its market competitiveness and comprehensive financial service capabilities [2]

Core Viewpoint - Guangfa Securities (000776)(01776) announced the public issuance of subordinated bonds (third phase) aimed at professional investors, scheduled for August 18 to August 19, 2025, with a total issuance amount of 500 million yuan [1] Group 1 - The final issuance price of the bonds is set at 99.740 yuan [1] - The subscription multiple for this bond issuance is 2.46 times [1] - The raised funds will be used entirely to repay "24 Guangfa 07" [1]

Group 1 - The issuer, GF Securities Co., Ltd., has received approval from the China Securities Regulatory Commission to publicly issue subordinated corporate bonds with a face value of up to 20 billion yuan [1] - The third phase of the subordinated bonds, issued to professional investors, was completed on July 18, 2025, with a term of 3 years and a coupon rate of 1.85% [1] - The current issuance of subordinated bonds will have a maximum face value of 3 billion yuan, maintaining the same term and coupon rate as the existing bonds [1] Group 2 - The issuance price for the current subordinated bonds was determined through a price inquiry conducted from August 15 to August 19, 2025, with a price range of 98.800 yuan to 101.600 yuan [2] - The final issuance price for the current subordinated bonds was set at 99.740 yuan after negotiations between the issuer and the book manager [1][2]

Core Points - Guangfa Securities has received approval from the China Securities Regulatory Commission to publicly issue subordinated corporate bonds with a face value of up to 20 billion yuan [1] - The third phase of subordinated bonds, issued to professional investors, was completed on July 18, 2025, with a term of 3 years and a coupon rate of 1.85% [1] - The current issuance of subordinated bonds will have a maximum face value of 3 billion yuan, maintaining the same term and coupon rate as the existing bonds [1] - The issuance price for the new bonds was determined to be 99.740 yuan after a price inquiry conducted from August 15 to August 19, 2025 [2]

Core Viewpoint - Huatai Securities (06886) has successfully completed the issuance of subordinated bonds aimed at professional investors, with a total issuance scale of 1.2 billion yuan and a coupon rate of 2.13% [1] Group 1 - The issuance work for the first phase of subordinated bonds was concluded on August 15, 2025 [1] - The final issuance scale of this bond is 1.2 billion yuan [1] - The subscription multiple for the bond was 2.09 times [1]

Core Viewpoint - The company, GF Securities Co., Ltd., is set to issue a new tranche of subordinated bonds, specifically the third phase of its public offering aimed at professional investors, with a total issuance amount not exceeding 30 billion RMB [3][4]. Group 1: Bond Issuance Details - The new tranche of subordinated bonds will have a face value of up to 30 billion RMB, with a fixed interest rate of 1.85% and a maturity period of 3 years [3][4]. - The issuance is a continuation of the previously issued subordinated bonds, maintaining the same terms as the existing bonds [3][4]. - The bonds will be rated AAA, indicating a strong credit quality, and the issuer's net assets were reported at 155.705 billion RMB as of March 2025 [4][17]. Group 2: Subscription and Trading - The bonds will be available for subscription only to professional institutional investors, with a minimum subscription unit of 10 million RMB [4][23]. - The pricing for the bonds will be determined through a book-building process, with a subscription price range set between 98.800 RMB and 101.600 RMB [19][23]. - The subscription period is scheduled from August 18, 2025, to August 19, 2025, with the final issuance price to be announced on August 15, 2025 [17][22]. Group 3: Financial Performance - The average annual net profit attributable to the parent company over the last three fiscal years was reported at 8.181 billion RMB, with specific figures of 7.929 billion RMB, 6.978 billion RMB, and 8.181 billion RMB for the years 2022, 2023, and 2024 respectively [4][17]. - The company's consolidated debt-to-asset ratio was reported at 75.92%, indicating a high level of leverage [4][17].