Core Viewpoint - Guangfa Securities (01776) announced the issuance of perpetual subordinated bonds aimed at professional investors, with a total issuance scale of up to 3 billion yuan [1] Group 1: Bond Issuance Details - The issuance price of the bonds is set at 100 yuan per bond [1] - The issuance period is from February 9, 2026, to February 10, 2026 [1] - The final issuance scale is confirmed at 3 billion yuan, with a final coupon rate of 2.32% [1] - The subscription multiple for the bonds is 2.45 times [1]

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue perpetual subordinated bonds with a total face value of up to 3 billion yuan [1] Group 1 - The approval is documented in the CSRC's notice, which is valid for 24 months from the date of approval [1] - The company can issue the perpetual subordinated bonds in multiple tranches within the validity period of the registration [1]

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated bonds totaling up to 20 billion yuan [1] Group 1 - The company is authorized to issue perpetual subordinated bonds with a total face value not exceeding 20 billion yuan [1] - The issuance must strictly follow the prospectus submitted to the Shenzhen Stock Exchange [1] - The approval is valid for 24 months from the date of registration, allowing the company to issue the bonds in tranches within this period [1] Group 2 - The company is required to report any significant events that occur from the date of registration until the completion of the bond issuance [1]

Core Points - CITIC Securities (601066) has announced the issuance of perpetual subordinated bonds not exceeding RMB 20 billion [1] - The Shanghai Stock Exchange has approved the issuance, and it has been registered with the China Securities Regulatory Commission under license number 〔2025〕1336 [1] - The bonds will be issued in tranches, with the first tranche amounting to no more than RMB 3 billion [1]

Group 1 - The core point of the article is that China International Capital Corporation (CICC) has successfully completed the issuance of perpetual subordinated bonds aimed at professional investors, with a total issuance size of 3 billion yuan and a coupon rate of 2.23% [1] - The bond issuance was well-received, achieving a subscription multiple of 3.22 times, indicating strong demand from investors [1]