China Galaxy (06881) has completed the public issuance of its 2025 subordinated bonds (first tranche).

China Galaxy (06881) announced that the company has completed the public issuance of 2025 subordinated bonds (first tranche) to professional investors on February 27, 2025. The issuance size of this tranche is 3.4 billion yuan, with a face value and issuance price of 100 yuan per unit. This tranche includes two varieties with maturities of three years and five years. The final issuance size of the three-year tranche is 1.3 billion yuan, with a final coupon rate of 2.15%; the final issuance size of the five-year tranche is 2.1 billion yuan, with a final coupon rate of 2.25%. The funds raised from the issuance of this tranche of bonds are intended to be used to supplement the company's operating funds. The affiliated parties of the underwriting institution participated in the subscription of this tranche of bonds. China Securities Co., Ltd.s affiliated party, CITIC BANK Limited, subscribed 280 million yuan for the three-year variety and 300 million yuan for the five-year variety; Guosen Co., Ltd.s affiliated party, Ever Bright Trust Co., Ltd., subscribed 40 million yuan for the three-year variety.