ZHONGTAIFUTURES (01461.HK): RMB 600 million subordinated bonds issued
- The bonds were issued at RMB 100 per bond through book-building.
- The Company may redeem all outstanding bonds at the end of the third year of the six-year term.
NewTimeSpace News: On 22 October 2026, Zhongtai Futures Company Limited (stock code: 01461) announced the completion of its first tranche of 2026 subordinated bonds privately placed to professional investors, raising RMB 600 million at an issue price of RMB 100 per bond with a 1.80% coupon and a six-year term.
Shareholders approved on 15 June 2026 the issuance of up to RMB 600 million of subordinated bonds with a term of no more than seven years, in one or more tranches, and the Shanghai Stock Exchange issued a no-objection letter (Shanghai Letter [2026] No. 3005). The bonds were placed by book-building and carry a redemption option allowing the Company to redeem all outstanding bonds at the end of the third year. Proceeds will replenish working capital and increase net capital.
