Northeast Securities Issues 1 Billion Yuan Perpetual Subordinated Bonds; Shares Fall 3%
Northeast Securities (SHE:000686) completed the issuance of 1 billion yuan of perpetual subordinated bonds, according to a Thursday after-hours filing with the Shenzhen bourse.The bonds have a coupon rate of 2.2% and were subscribed 3.02 times. They formed part of a 5 billion yuan bond program.Shares in the brokerage fell 3% during afternoon trading on Friday.