Northeast Securities 2025 subordinated bonds begin trading on SZSE

Northeast Securities Co., Ltd. has announced the listing of its 2025 public issuance of subordinated bonds (fifth tranche) for professional investors on the Shenzhen Stock Exchange, effective September 24, 2025. This issuance meets all necessary listing conditions and will be available for trading by institutional investors through various methods including matched transactions, click transactions, inquiry transactions, competitive bidding, and negotiated transactions.

The bonds, designated as "25 Dongbei C5" with the code 524430, carry an AAA rating for the issuer and an AA+ rating for the bonds themselves, as assessed by United Credit Ratings Co., Ltd. The total issuance value is RMB 10 bn, with a three-year maturity period and a fixed annual interest rate of 2.56%. Interest will be paid annually.

The bonds were issued between September 17-18, 2025, with the interest accrual date set for September 18, 2025. They are scheduled to mature on September 18, 2028. Each bond has a face value of RMB 100 per share and will open with a reference price of RMB 100 per share.