GF Securities to Redeem 2.1 Billion Yuan Bonds; Shares Down 3%

MT Newswires Live10:41

GF Securities (SHE:000776, HKG:1776) said a 2.10 billion yuan bond is set for redemption and delisting on Oct. 26, according to a Shenzhen bourse filing on Thursday.

The securities company's Shenzhen shares dropped 3%, while its Hong Kong shares slipped 1% during Friday's morning trade.

The bond, with the short name 23 GF Securities 09, was issued in October 2023. It has a coupon rate of 3% and a term of three years.

The interest rate is payable on Oct. 24, with the tax-inclusive principal and interest amounting to 1,030 yuan per lot.

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