Asia
Changjiang Securities Proposes Issuance of 4 Billion Yuan Bonds; Shares Down 3%
Changjiang Securities (SHE:000783) proposed to issue bonds worth 4 billion yuan, according to a Shenzhen bourse filing on Friday.The fixed-coupon bonds will be issued in two tranches, with the first tranche having a three-year term and a redemption date of July 1, 2029. The second tranche will have a five-year term, with a redemption date of July 1, 2031.CSC Financial (SHA:601066, HKG:6066), Huatai United Securities, and Changjiang Securities Underwriting & Sponsorship will serve as joint underwriters of the issuance.The proceeds from the bond will be used to pay debt.The Chinese financial services provider's shares dropped 3% during the midday trade.
HKG:6066SHA:601066SHE:000783