SPDB convertible bonds to mature, redeem, and delist October 28

Shanghai Pudong Development Bank (SPDB) has announced the maturity, redemption, and delisting of its convertible bonds (bond code: 110059). The bonds will mature on October 27, 2025, which is also the redemption registration date. Investors will receive RMB 110 per bond, including the last annual interest payment, with funds expected to be disbursed on October 28, 2025.

The convertible bonds will cease trading on the Shanghai Stock Exchange starting October 23, 2025, with October 22, 2025, being the last trading day. Following the cessation of trading and until the October 27, 2025 maturity date, bondholders retain the option to convert their SPDB convertible bonds into company common shares under the agreed terms.

The SPDB convertible bonds, with a face value of RMB 100 per bond and a total issuance of RMB 50 billion over a six-year term, were initially listed on November 15, 2019. The final delisting from the Shanghai Stock Exchange is scheduled for October 28, 2025.