CICC (03908) will issue perpetual subordinated bonds (Fifth Series) with a coupon rate of 1.90% for professional investors in 2026.

CICC (03908) announced that China International Capital Corporation Limited has obtained approval from the China Securities Regulatory Commission regarding the public issuance of perpetual subordinated bonds to professional investors, with a total amount not exceeding 20 billion yuan (inclusive). This approval is detailed in the document titled "Reply on Approving the Registration of Perpetual Subordinated Corporate Bonds Issued by China International Capital Corporation Limited to Professional Investors" (Zheng Jian Xu Ke [2025] No. 2290). The bonds will be underwritten by Huatai United Securities Co., Ltd., with the issuance scale of the perpetual subordinated bonds (Phase Five) by China International Capital Corporation Limited to professional investors in 2026 set at no more than 4.6 billion yuan (inclusive). The inquiry range for the coupon rate of these bonds is between 1.40% and 2.40%. The final coupon rate will be determined based on the results of the offline inquiry book by the book manager, in accordance with national regulations, within the established inquiry range. On August 20, 2026, the lead underwriter conducted a coupon rate inquiry with investors offline. Based on the results from offline investors, the final coupon rate for this bond issue was set at 1.90%. The issuer will conduct the offline issuance to professional institutional investors at the aforementioned coupon rate from August 21 to August 24, 2026.