CICC Finalizes Issuance of 3.2 Billion Yuan Perpetual Subordinated Bonds

Stock News03-16 18:50

CICC (03908) has announced the completion of its perpetual subordinated bond issuance. According to the issuance公告 for the China International Capital Corporation Limited 2026 perpetual subordinated bonds (third tranche) targeting professional investors, the total issuance scale was set at no more than 4 billion yuan (inclusive), with an issuance price of 100 yuan per bond. The bonds were distributed through a book-building process directed at qualified professional investors, as stipulated by relevant corporate bond management regulations.

The issuance process concluded on March 16, 2026, with the following results: a final issuance size of 3.2 billion yuan, a coupon rate of 2.24%, and a subscription multiple of 2.96 times. Directors, senior management, shareholders holding more than 5% of shares, and other affiliated parties of the issuer did not participate in the subscription of this bond tranche. An affiliate of the lead underwriter, Huatai United Securities Co., Ltd., subscribed to 30 million yuan of the bonds. The pricing was determined fairly, and all procedures complied with regulatory requirements.

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