Shenwan Hongyuan (06806) completed the issuance of 2 billion yuan of perpetual subordinated bonds

Zhitong Finance App News, Shenwan Hongyuan (06806) issued an announcement. Following the approval of the China Securities Regulatory Commission's “Approval to Register Shenwan Hongyuan Securities Co., Ltd. to Publicly Issue Perpetual Subordinated Bonds to Professional Investors” (Securities Regulatory License (2026) No. 1645), Shenwan Hongyuan Securities Co., Ltd., which belongs to the company, was authorized to publicly issue perpetual subordinated bonds with a total face value of no more than 30 billion yuan.

In 2026, Shenwan Hongyuan Securities Co., Ltd.'s public issuance of perpetual subprime bonds (second instalment) (hereinafter referred to as “current bonds”) to professional investors ended on September 7, 2026. The current bond issuance scale was RMB 2 billion, with a coupon interest rate of 1.89%. The current bond uses a floating interest rate. Simple interest is accrued on an annual basis, without compounding. It remained the same during the first five interest-bearing years. The coupon interest rate was reset every 5 years starting from the 6th interest-bearing year. Current bonds use 1 repricing cycle every 5 interest-bearing years. At the end of each repricing cycle, the issuer has the right to choose to extend the term of the current bond by 1 repricing cycle (that is, continue for 5 years) or pay the full amount of the current bond. The current bond will be listed and traded on the Shenzhen Stock Exchange after registration is completed.