China International Capital Corporation Limited (03908) has announced the final coupon rate for its fifth tranche of perpetual subordinated bonds slated for public issuance to professional investors in 2026, setting the rate at 1.90%.

The company, operating under the brand CICC, has secured regulatory approval from the China Securities Regulatory Commission (CSRC) under document number 证监许可【2025】2290号 to publicly issue perpetual subordinated corporate bonds totaling up to RMB 20 billion (including RMB 20 billion) to professional investors. The offering is being underwritten by Huatai United Securities Co., Ltd.

For this particular tranche, designated as the fifth issuance of the 2026 series, the scale is capped at RMB 4.6 billion (including RMB 4.6 billion). The coupon rate was initially set with an inquiry range of 1.40% to 2.40%. Following a book-building process conducted offline with investors on August 20, 2026, the lead underwriter finalized the coupon rate at 1.90%, determined through consultation within the specified range in accordance with national regulations.

The issuer will proceed with the offline issuance to professional institutional investors from August 21, 2026, through August 24, 2026, based on the confirmed coupon rate.