Pudong convertible bonds to mature, redeem, and delist

Shanghai Pudong Development Bank Co., Ltd. has issued its third reminder regarding the maturity, redemption, and delisting of its "Pudong Convertible Bonds" (bond code "110059"). These convertible bonds will mature on October 27, 2025, which also serves as the redemption registration date. Bondholders will receive a redemption amount of RMB110 per bond (including tax and the final annual interest payment). The redemption funds are scheduled for disbursement on October 28, 2025.

Trading of Pudong Convertible Bonds will cease on October 23, 2025, with October 22, 2025, being the last trading day. The bonds will officially delist from the Shanghai Stock Exchange on October 28, 2025. Between October 23 and October 27, 2025, holders still retain the option to convert their bonds into the company's common stock under the agreed terms.

The original issuance involved 500m units of convertible bonds, each with a face value of RMB100, totaling RMB50bn, and a term of six years. These bonds commenced trading on the Shanghai Stock Exchange on November 15, 2019.