Core Viewpoint - Guosen Securities Co., Ltd. is set to issue perpetual subordinated bonds with a total face value of up to 20 billion yuan, having received approval from the China Securities Regulatory Commission [1] Group 1: Bond Issuance Details - The company plans to issue the first phase of perpetual subordinated bonds aimed at professional investors, with a maximum issuance scale of 3 billion yuan [1] - The interest rate for the bonds has been set at 2.20% after consultations with professional institutional investors, within an inquiry range of 1.60% to 2.60% [1] - The bonds will have a repricing cycle of 5 years, with the issuer having the option to extend the term or redeem the bonds at the end of each cycle [1] Group 2: Issuance Schedule - The bonds are scheduled for offline issuance to professional institutional investors on May 16 and May 19, 2025 [2] - Detailed subscription methods will be published on the Shenzhen Stock Exchange and the Giant Tide Information Network on May 14, 2025 [2]