CICC (03908.HK): Public issuance of perpetual subordinated bonds (first tranche) with a face interest rate of 2.23% for professional investors in 2025.

The Zhitong Finance and Economics App reported that CICC (03908.HK) has announced that China International Finance Limited will publicly issue perpetual subordinated bonds (first tranche) targeting professional investors in 2025, with an issuance size not exceeding 3 billion yuan (including 3 billion yuan). Based on the results of inquiries from offline investors, the final coupon rate for this tranche of bonds is determined to be 2.23%.