China Great Wall Securities Plans 2 Billion Yuan Bond Issue; Shares Up 3%
MT Newswires Live09-09 14:31
China Great Wall Securities (SHE:002939) plans to issue bonds amounting to 2 billion yuan, according to a Shenzhen bourse filing on Tuesday.
The securities company's shares rose 3% during Wednesday's afternoon trade.
The bonds will be issued in two tranches, with series 1 having a three-year term and series 1 a term of five years.
The interest payment for series 1 will be on Sept. 11 of each year from 2027 to 2029, and that of Series 2 shall be on the same date from 2027 to 2031.
Proceeds from the issuance will be used to pay debt.
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