中信建投（601066）证券(06066)发布公告，中信建投证券股份有限公司2025年面向专业投资者公开发 行永续次级债券(第六期)发行规模不超过30亿元(含30亿元)，根据网下向专业机构投资者询价簿记结果 经发行人和主承销商充分协商和审慎判断，最终确定本期债券(债券简称:25信投Y6，代码:244197)票面 利率为2.25%。 ...

Group 1 - The company, China International Capital Corporation (CICC), announced the issuance of perpetual subordinated bonds aimed at professional investors, with a total issuance size not exceeding RMB 3 billion (including RMB 3 billion) [1] - The final coupon rate for this bond issuance was determined to be 2.23% based on the results of the offline investor inquiry [1]

发行人本次债券采取分期发行的方式,其中中国国际金融股份有限公司2025年面向专业投资者公开发行 永续次级债券(第一期)(以下简称"本期债券")发行规模为不超过人民币30亿元(含30亿元)，本期债券简称 为25中金Y1,债券代码为244220。 中金公司（601995）(03908)发布公告，中国国际金融股份有限公司(以下简称"发行人"、"本公司"、"公 司"或"中金公司")面向专业投资者公开发行不超过人民币200亿元(含200亿元)永续次级债券(以下简 称"本次债券")已经中国证券监督管理委员会注册(证监许可【2025]2290号)。 ...

Core Viewpoint - China Galaxy Securities Co., Ltd. has completed the issuance of its 2020 perpetual subordinated bonds (Phase 1), referred to as "20 Galaxy Y1" [1] Group 1: Issuance Details - The issuance of "20 Galaxy Y1" was completed on November 24, 2020 [1] - The bond has a repricing cycle of 5 years, with the issuer having the option to extend the bond for another cycle or redeem it in full at the end of each repricing period [1] Group 2: Issuer's Rights - The bond includes an issuer's extension option, allowing the issuer to extend the bond for one additional repricing cycle at the end of each cycle [1] - The issuer also has a redemption right, which can be exercised on the fifth interest payment date and subsequent payment dates, allowing for redemption at face value plus accrued interest [1] Group 3: Future Actions - On November 24, 2025, which marks the fifth interest payment date and the end of the first repricing cycle, the company has decided not to exercise the extension option and will fully redeem "20 Galaxy Y1" [1]

智通财经APP讯，中国银河(06881)发布公告，中国银河证券股份有限公司(以下简称"公司"或"发行人") 于2020年 11 月24日完成中国银河证券股份有限公司公开发行2020年永续次级债券(第一期)(以下简称"20 银河Y1")的发行工作。根据《中国银河证券股份有限公司公开发行2020年永续次级债券(第一期)募集说 明书》，20银河Y1以每 5 个计息年度为1个重定价周期。在每个重定价周期末，发行人有权选择将20 银 河Y1期限延长1个重定价周期(即延续5年)，或全额兑付20银河Y1。 20 银河Y1设置发行人续期选择权，即在20银河Y1每个重定价周期末，发行人有权选择将20银河Y1延长 1个重定价周期，或全额兑付20银河Y1。同时，20银河Y1设发行人赎回权，于20银河Y1第五个和其后 每个付息日，发行人有权按面值加应付利息(包括所有递延支付的利息及其孳息)赎回20银河Y1。 2025 年 11 月24 日为20银河Y1第五个计息年度付息日，即第一个重定价周期末，公司决定不行使20银 河Y1发行人续期选择权，即行使20银河Y1 发行人赎回权，在2025年11月24日全额兑付即赎回20银河 Y1。 ...

Group 1 - The company issued perpetual subordinated bonds (third phase) aimed at professional investors, with interest payments scheduled for August 11, 2025, covering the period from August 11, 2024, to August 10, 2025 [1][2] - The bond has a coupon rate of 3.48%, with each unit (face value of 1,000 yuan) yielding 34.80 yuan in interest (tax included), resulting in a net interest of 27.84 yuan for individual and mutual fund holders after tax deductions [2][3] - The bond's credit rating is AAA with a stable outlook, ensuring investor confidence in the company's financial stability [1][2] Group 2 - The interest payment will be processed through China Clearing Shenzhen Branch, which will receive the funds two trading days prior to the payment date [2][3] - Tax obligations for individual bondholders include a 20% personal income tax on interest income, which will be withheld at the time of payment [3] - Foreign institutional investors are exempt from corporate income tax and value-added tax on bond interest income until December 31, 2025 [3]

中信建投（601066）证券(06066)公布，将于2025年8月8日至2025年8月11日发行中信建投证券股份有限 公司2025年面向专业投资者公开发行永续次级债券(第五期)。本期债券发行规模不超过30亿元(含30亿 元)，票面金额为100元，按面值平价发行。募集资金拟全部用于偿还到期或回售的公司债券本金。 ...

Group 1 - Guosen Securities announced the extension of the book-building time for its perpetual subordinated bonds (third phase) aimed at professional investors, originally scheduled for July 9, 2025, due to significant market fluctuations [1] - The issuance scale of this bond is not to exceed 20 billion yuan, with approval from the China Securities Regulatory Commission [1] - The extension of the book-building time may reflect market demand for perpetual subordinated bonds or fluctuations in interest rate expectations, necessitating further observation of the issuance results and market reactions [1] Group 2 - Perpetual subordinated bonds have no fixed maturity date and can be counted as equity, typically used to supplement the capital of financial institutions [1] - The purpose of this issuance is to optimize the capital structure and enhance risk resistance capabilities of Guosen Securities [1] - Market participants believe that extending the book-building time may be to fully gather investor intentions and ensure a smooth issuance process [1]

Core Viewpoint - The issuer, Guo Xin Securities Co., Ltd., is set to publicly issue perpetual subordinated bonds (Phase III) with a total face value of up to 40 billion RMB, aimed at professional investors only [1][2][3]. Group 1: Issuance Details - The total issuance scale of the bonds is capped at 40 billion RMB, including the full amount [1][9]. - The bonds will be issued in phases, with the current phase referred to as "25 Guo Zheng Y3" [1][9]. - The bonds are rated AAA, indicating a stable outlook [2][18]. Group 2: Financial Metrics - As of March 2025, the issuer's consolidated net assets amount to 1,202.30 billion RMB, with a consolidated debt-to-asset ratio of 70.98% [2][18]. - The average distributable profit over the last three fiscal years is 69.11 billion RMB, with net profits of 60.88 billion RMB, 64.27 billion RMB, and 82.17 billion RMB for 2022, 2023, and 2024 respectively [2][18]. Group 3: Bond Characteristics - The bonds will have a face value of 100 RMB and will be issued at par [10]. - The initial coupon rate for the first five interest periods will be determined based on the average yield of 5-year government bonds published five working days prior to the issuance [10][11]. - The issuer has the option to extend the bond term for one repricing cycle (5 years) or fully redeem the bonds at the end of each cycle [12][17]. Group 4: Subscription Process - The bonds are exclusively available to professional institutional investors, with a minimum subscription amount of 10 million RMB [16][24]. - The subscription period is set for July 10 and July 11, 2025, with the final coupon rate to be announced on July 9, 2025 [19][24]. - Investors must submit their subscription applications through a designated system, and any failure to pay by the deadline will be treated as a default [25][24].