GF Financial Holdings BVI's proposed US dollar and yuan bonds received a BBB long-term issue rating from S&P Global Ratings, according to a Wednesday release.

China-based brokerage GF Securities (HKG:1776) will guarantee the senior unsecured bonds.

The bonds' rating is in line with the guarantor's long-term foreign and local currency issuer credit ratings since the guarantee is eligible for rating substitution treatment, S&P said.

Payment obligations for the guarantee will also rank equally with the guarantor's other obligations, the rating agency said.