GF SEC (01776) announced the results of the public issuance of corporate bonds (first tranche) targeting professional investors in 2025.

GF SEC (01776) announced that the company's public issuance of no more than RMB 20 billion (inclusive) corporate bonds has obtained the approval of the China Securities Regulatory Commission Securities Regulatory Permit [2024] No. 1010. According to the "GF SEC Limited Company 2025 Public Offering of Corporate Bonds (First Tranche) for Professional Investors Announcement", GF SEC Limited Company's 2025 public issuance of corporate bonds (First Tranche) for professional investors (hereinafter referred to as "this Tranche Bonds") has a maximum issuance size of not more than 3.5 billion yuan (including), and an issuance price of 100 yuan per bond, issued through offline inquiry and distribution to professional institutional investors. The issuance period of this Tranche Bonds is from January 20, 2025 to January 21, 2025. The first category has a term of 3 years, a final issuance size of 1.6 billion yuan, a final face interest rate of 1.83%, and a subscription multiple of 1.98 times; the second category has a term of 5 years, a final issuance size of 1.5 billion yuan, a final face interest rate of 1.90%, and a subscription multiple of 1.78 times. The funds raised from the issuance of this Tranche Bonds will be used entirely to repay mature debts.