Shenwan Hongyuan securities raises RMB 3 bn in subordinated bond issuance

Shenwan Hongyuan Group announced the successful issuance results for Shenwan Hongyuan Securities Co., Ltd.'s 2025 public offering of subordinated bonds (Tranche 1) to professional investors. The issuance, completed on September 15, 2025, raised RMB 3 billion. This follows approval from the China Securities Regulatory Commission for Shenwan Hongyuan Securities to issue subordinated bonds totaling up to RMB 20 billion to professional investors.

The first tranche comprised two varieties. Variety one, with an issuance size of RMB 2 billion, has a 3-year term and a coupon rate of 2.15%. Variety two, totaling RMB 1 billion, has a 5-year term and a coupon rate of 2.24%.

Upon completion of bond registration, these bonds are intended to be listed and traded on the Shenzhen Stock Exchange. The announcement reiterates that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.