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China Galaxy Securities Co ( (HK:6881) ) has issued an announcement.
China Galaxy Securities Co., Ltd. has completed the first tranche of its 2026 perpetual subordinated bonds, issuing RMB5 billion of securities at RMB100 per unit with an initial coupon rate of 2.37% for the first five-year reset period. The bonds, approved by both shareholders and the China Securities Regulatory Commission under a broader authorization to issue sizable debt financing instruments, can be extended in five-year increments or fully redeemed at each reset date, and the proceeds will be used to replenish the firm’s working capital, supporting its capital base and operational flexibility. Several lead underwriters and their related parties, including CSC Financial, Fullgoal Fund Management, China Southern Asset Management and China Resources SZITIC Trust, subscribed to portions of the issuance, while no directors, senior management or major shareholders participated, underscoring institutional demand and aligning the offering with professional investor support.
The most recent analyst rating on (HK:6881) stock is a Buy with a HK$13.99 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 leading Chinese securities firm incorporated in the People’s Republic of China and listed in Hong Kong. The company operates in the financial services industry, providing securities brokerage, investment banking, asset management and related capital markets services to professional and retail investors, primarily in the mainland China market.
Average Trading Volume: 25,314,191
Current Market Cap: HK$169.8B
Learn more about 6881 stock on TipRanks’ Stock Analysis page.