Shanghai Pudong Development Bank Completes Issuance of 20 Billion Yuan Financial Bonds

Deep News12-15

On December 15, Shanghai Pudong Development Bank (SPDB) announced that, with approval from relevant regulatory authorities, it has successfully issued "Shanghai Pudong Development Bank Co., Ltd. 2025 Second Tranche Financial Bonds" (referred to as "the Bonds") in the national interbank bond market. The bonds have been registered and deposited with China Central Depository & Clearing Co., Ltd.

The Bonds were recorded on December 10, 2025, and issued on December 12, with a total issuance scale of 20 billion yuan and a maturity of 3 years. They are divided into two types by interest rate: Type 1 consists of fixed-rate bonds with an issuance scale of 12.5 billion yuan and a coupon rate of 1.85%; Type 2 consists of floating-rate bonds with an issuance scale of 7.5 billion yuan, pegged to the 1-year LPR minus 112 basis points, and an initial coupon rate of 1.88%.

SPDB stated that the proceeds from the Bonds will be used, in accordance with applicable laws and regulatory approvals, to meet the bank's asset-liability allocation needs, strengthen funding sources, optimize liability duration structure, and support steady business development. Priority will be given to credit extensions in consumer service sectors such as wholesale and retail, accommodation and catering, culture and tourism, education and training, and health and elderly care, aiming to boost consumption.

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