Ge Long Hui·2025-11-20 12:07Core Viewpoint - Shenwan Hongyuan (06806.HK) announced the completion of the issuance of subordinated bonds aimed at professional investors, with a total issuance size of RMB 2.5 billion [1] Group 1: Bond Issuance Details - The issuance was completed on November 13, 2025, with two types of bonds: Type One with an issuance size of RMB 1.8 billion, a term of 3 years, and a coupon rate of 2.00% [1] - Type Two has an issuance size of RMB 0.7 billion, a term of 5 years, and a coupon rate of 2.15% [1] - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting November 19, 2025, and will be traded among institutional investors [1] Group 2: Bond Identification - Type One bond is referred to as "25申证C3" with the bond code "524526" [1] - Type Two bond is referred to as "25申证C4" with the bond code "524527" [1]