SPD BANK(SH:600000) Shang Hai Zheng Quan Bao·2025-11-19 18:13Core Viewpoint - Shanghai Pudong Development Bank has successfully issued its first tranche of subordinated capital bonds for 2025, totaling RMB 20 billion, aimed at supplementing its Tier 2 capital [1][2]. Group 1: Bond Issuance Details - The bond issuance was approved by relevant regulatory authorities and took place in the interbank bond market [1]. - The total issuance scale is RMB 20 billion, divided into two varieties: a 10-year fixed-rate bond of RMB 16.5 billion with a coupon rate of 2.17%, and a 15-year fixed-rate bond of RMB 3.5 billion with a coupon rate of 2.40% [1]. - The 10-year bond includes a conditional redemption option at the end of the fifth year, while the 15-year bond has a conditional redemption option at the end of the tenth year [1]. Group 2: Use of Proceeds - The funds raised from this bond issuance will be used in accordance with applicable laws and regulatory approvals to supplement the company's Tier 2 capital [2].