GF Securities (01776) has announced the completion of its perpetual subordinated bond offering for professional investors. The issuance period for the second tranche of these bonds was from March 20 to March 23, 2026, with a final issuance scale of 4.04 billion yuan. Designated as "26 GF Y2," the bonds carry a final coupon rate of 2.30% and achieved a subscription multiple of 1.68 times. The raised funds will be entirely allocated to repay the maturing bond issue "24 GF 14."
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