Shenwan Hongyuan Group announced that its subsidiary Shenwan Hongyuan Securities completed the issuance of the first tranche of perpetual subordinated bonds for professional investors on August 10, 2026. The issuance size is 2.5 billion yuan, with a coupon rate of 1.93%. The bonds carry a floating rate, with simple interest calculated annually. The rate remains unchanged for the first five years and resets every five years starting from the sixth year. The issuer has the right to defer or fully redeem the bonds at the end of each reset period. Shenwan Hongyuan Securities previously received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated bonds with a total face value of up to 30 billion yuan, and this tranche is part of that approved quota.
Shenwan Hongyuan Group Co LtdSubsidiary completes 2.5 billion yuan perpetual subordinated bond issuance at low 1.93% coupon, part of approved 30 billion quota.
