GF Securities (SHE:000776, HKG:1776) plans to issue two tranches of short-term bonds amounting to 6 billion yuan, according to a Tuesday disclosure on the Shenzhen bourse.
The bonds, which is expected to be offered on Wednesday, July 15, have an inter-tranche reallocation option and there is no limit on the reallocation ratio.
The first tranche will mature in 287 days, maturing April 29, 2027, and the second tranche will mature in 357 days, maturing July 8, 2027.
Proceeds from the bond will be used to pay debt for other bonds.
The securities company's Shenzhen bourse rose 1% during the morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.