China Galaxy (06881): Public offering of corporate bonds (first issue) completed in 2024

Zhitong Finance App News, China Galaxy (06881) issued an announcement. The board of directors is pleased to announce that according to the above shareholders' authorization and approval from the China Securities Regulatory Commission, the company completed the public offering of 2024 corporate bonds (first instalment) (current bonds) to professional investors on October 17, 2024. The issuance scale of this issue is RMB 5 billion, and the face value and issue price are RMB 100 per unit. Current bonds include two types of bonds with a term of three years (three-year term type) and a five-year term (five-year type). The final issuance scale for three-year varieties was RMB 3.5 billion, with a final coupon interest rate of 2.15%; the final issuance scale for five-year varieties was RMB 1.5 billion, with a final coupon interest rate of 2.25%. The funds raised from the issuance of this issue will be used to repay the principal amount of the company's maturing corporate bonds.

The underwriting agency and its related parties participated in the subscription for the current bond. CITIC Construction Investment Securities Co., Ltd. subscribed for the three-year product RMB 100 million; its affiliate China CITIC Bank Co., Ltd. subscribed for the five-year product RMB 90 million; China Minsheng Bank Co., Ltd., the affiliate of Guoxin Securities Co., Ltd. subscribed for the five-year product RMB 240 million; and the related party of Everbright Securities Co., Ltd. subscribed to the five-year product RMB 380 million.