SPDB successfully completes CNY 30bn bond issuance

Shanghai Pudong Development Bank (SSE:600000) announced the successful completion of its first financial bond issuance for 2025, with a total issuance size of CNY 30 billion. The bonds, approved by the People's Bank of China, are fixed-rate with a three-year term. The issuance is divided into two tranches: CNY 25 billion in ordinary financial bonds with an interest rate of 1.82%, and CNY 5 billion in artificial intelligence-themed bonds with an interest rate of 1.81%. SPDB intends to use the proceeds, net of issuance costs, to support its asset-liability management, bolster its capital base, optimize its debt structure, and facilitate overall business growth, specifically targeting investments in artificial intelligence and related technologies. The issuance was registered and managed by China Central Depository & Clearing Co., Ltd. The book-building was completed on April 24, 2025, and issuance concluded on April 28, 2025.