CICC (03908) has announced the terms for its 2026 perpetual subordinated bond issuance aimed at professional investors. The bond offering, which is the third series, will have a maximum issuance size of RMB 40 billion, inclusive. On March 12, 2026, the lead underwriters conducted an offline inquiry with investors to determine the coupon rate. Based on the feedback received from the investors, the final coupon rate for this bond series has been set at 2.24%.
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