Shenwan Hongyuan (06806.HK): Shenwan Hongyuan Securities has completed the issuance of 2.5 billion yuan of subordinated bonds.

Zheshang Finance APP News, Shenwan Hongyuan (06806.HK) announced that the issuance of perpetual subordinated bonds (Phase I) by Shenwan Hongyuan Securities Co., Ltd. targeted at professional investors will conclude on August 10, 2026. The issuance scale for this phase is RMB 2.5 billion, with a coupon rate of 1.93%. This phase of the bonds adopts a floating interest rate format, with simple interest calculated annually and no compounding. The rate will remain unchanged for the first five interest periods, and from the sixth interest period onward, the coupon rate will be reset every five years. This phase of the bonds will have a repricing cycle of five interest periods, and at the end of each repricing cycle, the issuer has the right to choose to extend the term of this phase of the bonds by one repricing cycle (i.e., an extension of five years) or to fully redeem this phase of the bonds.