SWHY (06806.HK): Subsidiary Shenwan Hongyuan Securities Issues RMB 2 Billion Perpetual Subordinated Bonds (Tranche 2) at Coupon Rate of 1.89%

NewTimeSpace News: On 9 September 2026, Shenwan Hongyuan Group Co., Ltd. (stock code: 06806) announced that, following approval from the China Securities Regulatory Commission (CSRC approval No. [2026] 1645), its subsidiary Shenwan Hongyuan Securities Co., Ltd. has been permitted to publicly issue perpetual subordinated bonds with an aggregate face value of no more than RMB 30 billion. The issuance of the 2026 perpetual subordinated bonds publicly offered to professional investors (Tranche 2) was completed on 7 September 2026, with an issue size of RMB 2 billion and a coupon rate of 1.89%.

According to the announcement, the bonds bear a floating rate, with simple interest calculated annually and no compounding. The coupon rate remains unchanged during the first five interest-bearing years and is reset every five years from the sixth interest-bearing year. Each five interest-bearing years constitute one repricing period, and at the end of each repricing period the issuer has the option to extend the bond term by one repricing period (i.e., another five years) or to redeem the bonds in full.

Following registration, the bonds are proposed to be listed and traded on the Shenzhen Stock Exchange.

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