GF Holdings (Hong Kong) Issues Inaugural USD Bond

2021-09-09 11:51 GF Holdings (Hong Kong)

GF Holdings (Hong Kong) Corporation Limited ("GF Holdings (HK)" or the “Company”) today announced the closing of its inaugural issuance of a three-year US$300 million bond.
The bond offering received strong interest and was heavily subscribed by investors. Peak orders on pricing day exceeded US$3 billion, and final issue price was set at 1.125%, a decrease of 42bps compared with the initial guided price.
Dr. Shen Minggao, CEO of GF Holdings (HK), thanked all investors for their trust and intermediary agencies for their support. He noted that this year marks the 30th anniversary of GF Securities and the 15th anniversary of GF Holdings (HK). As GF Securities’ primary platform for international expansion, GF Holdings (HK)’s growth is built upon the continued reform and opening up of China's capital markets. Dr Shen went on to say that “this offering marks a new milestone for GF Holdings (HK) as we continue to execute our strategic plan: building our core capabilities and businesses, as well as leveraging our cross-border strengths to provide top-quality and diversified investment and financing services for clients at home and abroad”.
Mr. Edward Wu, Chief Financial Officer of GF Holdings (HK), noted that the bond issuance represented another successful appearance in the offshore capital market for the Company following the issuance of syndicated loans in 2014 and 2016, as well as the issuance of club loans in 2018, which has further diversified and expanded the Company’s financing channels.