Northeast Securities sets 2.56% coupon for latest subordinated bond tranche

Northeast Securities Co., Ltd. has announced a coupon rate of 2.56% for its 2025 public issuance of subordinated bonds (fifth tranche) to professional investors. The rate was finalized after an inquiry period on September 16, 2025, where the company and lead underwriter, Great Wall Securities Co., Ltd., solicited bids from professional institutional investors within a range of 2.20% to 3.20%.

The issuance, with an estimated scale not exceeding RMB1 bn, is part of a larger RMB8 bn subordinated corporate bond registration approved by the China Securities Regulatory Commission. Subscriptions for the bonds will be open from September 17, 2025, to September 18, 2025, for professional institutional investors.

Details on the subscription methods are available in the "Northeast Securities Co., Ltd. 2025 Public Issuance of Subordinated Bonds (Fifth Tranche) Issuance Announcement" published on the websites of the Shenzhen Stock Exchange and Cninfo on September 12, 2025.