CICC (03908) completes issuance of 3 billion yuan perpetual subordinated bonds.

According to the Wisdom Financial News APP, CICC (03908) announced that the issuance of perpetual subordinated bonds (first tranche) by China International Financial Co., Ltd. to professional investors in 2025 ended on November 14, 2025. The final issue size was 3 billion yuan, with a coupon rate of 2.23% and a subscription multiple of 3.22 times.