Financial frontline news on August 24th, Shanghai Pudong Development Bank Co.,Ltd. (SPD Bank) announced that, following regulatory approval, it has issued the "2026 First Tranche Green Financial Bonds" in the national interbank bond market. The bonds have been registered and custodied with the Shanghai Clearing House.

The book-building process for this tranche concluded on August 20, 2026, with the issuance completed on August 24, 2026. The total issuance scale reached RMB 15 billion with a tenor of three years.

The bonds are divided into two categories based on interest rate type. Category One consists of fixed-rate bonds with an issuance scale of RMB 10 billion and a coupon rate of 1.53%. Category Two comprises floating-rate bonds with an issuance scale of RMB 5 billion, with the coupon rate linked to the 1-year LPR minus 142 basis points, resulting in an initial coupon rate of 1.58%.

The proceeds from this bond issuance will be utilized, in accordance with applicable laws and regulatory approvals, to fund green industry projects as specified in the "Green Finance Support Project Catalogue (2025 Edition)".