SWHY's Latest Perpetual Subordinated Bond Begins Trading on Shenzhen Exchange

Stock News
Aug 19

SWHY (06806) has announced that its subsidiary, Shenwan Hongyuan Securities Co., Ltd., has completed the issuance of its 2026 first tranche of perpetual subordinated bonds targeted at professional investors. The issuance concluded on August 10, 2026, with a total scale of RMB 2.5 billion and a coupon rate of 1.93%.

The bonds feature a floating interest rate structure with annual simple interest calculations and no compounding. The rate remains fixed for the initial five interest-bearing years, after which it will be reset every five years starting from the sixth year.

Following review and approval by the Shenzhen Stock Exchange, the bonds, designated as "26 Shen Zheng Y1" with the code "524943", officially commenced trading on the exchange on August 19, 2026. The trading is open exclusively to institutional investors among professional investors.

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