Shenwan Hongyuan (06806): Shenwan Hongyuan Securities completes issuance of RMB1.8 billion perpetual subordinated bonds

Zhitong Finance APP news, Shenwan Hongyuan (06806) announced that the issuance of Shenwan Hongyuan Securities Co., Ltd.'s 2026 publicly issued perpetual subordinated bonds (third tranche) to professional investors concluded on October 21, 2026. The issuance size of this tranche of bonds is RMB 1.8 billion, with a coupon rate of 1.78%. This tranche of bonds adopts a floating rate format, with simple interest calculated annually and no compound interest. The rate remains unchanged for the first 5 interest calculation years, and from the 6th interest calculation year onward, the coupon rate is reset once every 5 years. This tranche of bonds uses every 5 interest calculation years as 1 repricing cycle. At the end of each repricing cycle, the issuer has the right to choose to extend the term of this tranche of bonds by 1 repricing cycle (i.e., extend by 5 years), or to redeem this tranche of bonds in full.