Northeast Securities' 7th subordinated bond tranche to list on SZSE

Northeast Securities Company Limited's 2025 publicly issued subordinated bonds (tranche 7) for professional investors are scheduled to commence trading on the Shenzhen Stock Exchange (SZSE) from December 25, 2025. This listing is in accordance with SZSE regulations and will be accessible to institutional investors through various trading methods, including matched transactions, click transactions, inquiry transactions, competitive bidding, and negotiated transactions.

The bonds, with the simplified name "25 Dongbei C7" and code 524600, carry a principal amount of RMB 100 per bond and a reference opening price of RMB 100 per bond. The total issuance value for this tranche is RMB 6.2 billion, with a maturity period of three years and a fixed annual interest rate of 2.48%. Interest payments will be made annually.

The issuance period for the bonds was from December 17 to December 18, 2025, with the accrual date set for December 18, 2025, and the maturity date on December 18, 2028. The credit rating for the issuer is AAA, while the current bond tranche holds an AA+ rating, as assessed by United Credit Ratings Co., Ltd.