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

China Galaxy (06881) announced that the company completed the public issuance of perpetual subordinated bonds (second series) on March 12, 2026. The issuance size of this series of bonds is 5 billion RMB, with an issuance price of 100 RMB per unit. The bonds have a repricing period of every five interest years, at the end of each repricing period, the company has the right to choose to extend the term of the bonds by one repricing period (i.e. extending five years), or fully redeem the bonds. The coupon rate for the first repricing period (first five interest years) of this series of bonds is 2.25%. The funds raised from the issuance of this series of bonds will be used to repay the principal of the company's maturing bonds.