China Galaxy (06881) completes the issuance of 5 billion yuan of 2026 perpetual subordinated bonds (third tranche).

China Galaxy (06881) announced that, based on the authorization of the shareholders and the approval of the China Securities Regulatory Commission, the company completed the public issuance of the 2026 Perpetual Subordinated Bonds (third tranche) on June 11, 2026 (this tranche of bonds). The issuance size of this tranche of bonds is RMB 5 billion, with an issue price of RMB 100 per unit. The bonds have a reset period of every five interest-bearing years, at the end of each reset period, the company has the right to choose to extend the term of the bonds by one reset period (i.e. five more years) or fully redeem the bonds. The coupon rate for the first reset period (first five interest-bearing years) of the bonds is 2.00%. The funds raised from the issuance of this tranche of bonds will be used to repay the principal of the maturing corporate bonds. The underwriting institutions and their affiliates participated in the subscription of this tranche of bonds. The lead underwriter China Securities Co., Ltd.'s affiliate, CITIC Trust Co., Ltd., participated in the subscription and was allocated RMB 280 million of this tranche of bonds; the lead underwriter China International Financial Co., Ltd.'s affiliate, China International Capital Wealth Securities Co., Ltd., participated in the subscription and was allocated RMB 100 million of this tranche of bonds; the lead underwriter Shenwan Hongyuan Group Securities Co., Ltd. participated in the subscription and was allocated RMB 260 million of this tranche of bonds, with its affiliate, E Fund Management Co., Ltd., participating in the subscription and being allocated RMB 100 million of this tranche of bonds.