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China Galaxy Securities Co ( (HK:6881) ) has provided an announcement.
China Galaxy Securities Co., Ltd. has successfully completed a follow-on offering of its 2024 corporate bonds, raising RMB2 billion. The bonds, issued at a price of RMB102.349 with a coupon rate of 2.15%, will mature in three years. The proceeds are intended to repay matured corporate bonds and replenish the company’s working capital, enhancing its financial stability and operational capacity. The issuance was supported by underwriters including China CITIC Bank Corporation Limited and Guosen Securities Co., Ltd., who subscribed to significant portions of the offering.
The most recent analyst rating on (HK:6881) stock is a Buy with a HK$12.59 price target. To see the full list of analyst forecasts on China Galaxy Securities Co stock, see the HK:6881 Stock Forecast page.
More about China Galaxy Securities Co
China Galaxy Securities Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. The company focuses on providing securities brokerage, investment banking, and asset management services, primarily targeting professional investors.
Average Trading Volume: 41,308,188
Current Market Cap: HK$161.1B
For detailed information about 6881 stock, go to TipRanks’ Stock Analysis page.