Shenwan Hongyuan Fully Redeems 2 Billion-Yuan Bonds; Shares Down 4%

MT Newswires Live
Jun 26

Shenwan Hongyuan (SHE:000166, HKG:6806) on June 24 fully redeemed 2 billion yuan in perpetual subordinated bonds, delisting the 21 Shen Zheng Y1 notes.

The five-year bonds carry a 4.10% coupon, according to a Friday filing on the Shenzhen bourse.

Shares of the securities company were down 4% on the Hong Kong bourse and 3% in Shenzhen.

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