Shenwan Hongyuan Securities completes third tranche bond issuance

Shenwan Hongyuan Securities Co. announced the completion of its 2025 public issuance of subordinated bonds (tranche 3) to professional investors on December 10, 2025. This issuance is part of a larger approval by the China Securities Regulatory Commission to issue subordinated bonds with a total face value not exceeding CNY 200 bn.

The third tranche of bonds consisted of two varieties, with the second variety fully reallocated to the first. The actual issuance size for the first variety was CNY 2.2 bn, with a maturity period of three years and a coupon rate of 2.13%.

Following the registration of these bonds, they are expected to be listed and traded on the Shenzhen Stock Exchange. The announcement was made by the board of directors of Shenwan Hongyuan Group Co. on December 11, 2025.