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China Galaxy Securities Completes RMB5 Billion Short-Term Commercial Paper Issuance

Story Highlights
  • China Galaxy Securities issued RMB5 billion of 247-day commercial paper at a 1.71% coupon.
  • The new debt, authorized under an expanded financing limit, will bolster the firm’s working capital and liquidity.
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China Galaxy Securities Completes RMB5 Billion Short-Term Commercial Paper Issuance

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An announcement from China Galaxy Securities Co ( (HK:6881) ) is now available.

China Galaxy Securities Co., Ltd. has completed the issuance of its 2026 second tranche of short-term commercial paper, a RMB5 billion debt financing instrument with a 247-day term and a final coupon rate of 1.71%, priced at RMB100 per unit. The issuance, carried out under an expanded board authorization allowing the company to issue debt financing instruments up to 350% of its latest audited net assets, will be used to supplement working capital, potentially enhancing liquidity and operational flexibility as the firm pursues its business activities in a competitive securities market.

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 PRC-incorporated joint stock securities firm listed in Hong Kong, operating in the financial services industry with a focus on securities brokerage, investment banking, asset management and related capital markets services for institutional and retail clients.

Average Trading Volume: 25,556,294

Current Market Cap: HK$172.2B

Learn more about 6881 stock on TipRanks’ Stock Analysis page.

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