GF SEC (01776) completed the issuance of 1.4 billion yuan subordinate company bonds.

GF SEC (01776) announced that the public issuance of subordinated corporate bonds of no more than RMB 20 billion by GF SEC Co., Ltd. (hereinafter referred to as the "issuer") has obtained the Securities Regulatory Commission of China's approval document [2024] No. 1258 for registration. According to the "Public Announcement of the Issuance of Subordinated Bonds (Third Tranche) for Professional Investors by GF SEC Co., Ltd. in 2025", the issuance scale of the subordinated bonds (Third Tranche) for professional investors by GF SEC Co., Ltd. in 2025 is not more than 3 billion yuan, with an issuance price of 100 yuan per note, and will be issued through private placement to professional institutional investors. The issuance period of this tranche of bonds is from July 17, 2025 to July 18, 2025, with a term of 3 years. The final issuance scale is 14 billion yuan, the final coupon rate is 1.85%, and the subscription multiple is 1.97 times. Directors, supervisors, senior management, shareholders holding more than 5% of the shares, and other related parties of the issuer did not participate in the subscription of this tranche of bonds. The affiliated company of the underwriter CMSC Co., Ltd., Industrial Fund Management Co., Ltd., participated in the subscription of this tranche of bonds, ultimately receiving an allocation of 1 billion yuan, with a fair offer and compliance with procedures. The proceeds from this tranche of bonds will be used in full to repay the company's bonds "22 GF 04" and "22 GF 10".