Workflow
浦发银行:“浦发转债”将到期兑付,10月23日起停止交易

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) announced the maturity and redemption of its convertible bonds, known as "浦发转债," which were issued in 2019 for a total of 500 billion yuan [1][2]. Group 1: Issuance Details - SPDB issued 50,000 million convertible bonds with a face value of 100 yuan each, totaling 500 billion yuan, with a maturity period of 6 years [1]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shanghai Stock Exchange on November 15, 2019 [1]. Group 2: Redemption and Trading Information - Upon maturity, the bank will redeem the bonds at 110% of their face value, amounting to 110 yuan per bond, including the last annual interest [2]. - The last trading day for the bonds will be October 22, 2025, and they will cease trading on October 23, 2025 [2]. - Holders can convert the bonds into common stock until October 27, 2025, after which the bonds will be redeemed on October 28, 2025 [2].