China Galaxy (06881.HK) has completed the issuance of 5 billion yuan perpetual subordinated bonds.

The Zhixun Financial APP reported that China Galaxy (06881.HK) has announced that the company completed the public issuance of the 2025 perpetual subordinated bonds (first tranche) on September 18, 2025. The issuance size of this tranche of bonds is 5 billion yuan, with an issue price of 100 yuan per unit. Each tranche of bonds has a reset period of every five interest-bearing years, at the end of which the company has the right to choose to extend the term of the bonds for another reset period (i.e. another five years) or redeem the bonds in full. The coupon rate for the first reset period (first five interest-bearing years) of this tranche of bonds is 2.40%. The funds raised from the issuance of this tranche of bonds will be used to repay the company's maturing corporate bonds.