First Capital Securities sets 2.07% coupon for tech innovation bonds

First Capital Securities Co., Ltd. has announced the coupon rate for its 2025 public issuance of technology innovation corporate bonds (tranche 2) to professional investors. The issuance, with a scale not exceeding 1 bn yuan, is part of a larger 8 bn yuan bond program approved by the China Securities Regulatory Commission.

Following a book-building process conducted on October 21, 2025, where professional institutional investors participated in coupon rate inquiries, the final coupon rate for the bonds has been set at 2.07%. The initial inquiry range for the coupon rate was between 1.50% and 2.50%.

The issuance to professional institutional investors at the determined rate is scheduled for October 22, 2025. Further details regarding the subscription methods can be found in the "First Capital Securities Co., Ltd. 2025 Public Issuance of Technology Innovation Corporate Bonds (Tranche 2) Issuance Announcement" published on the Shenzhen Stock Exchange and Cninfo websites on October 20, 2025.