Core Points - The company announced the completion of the issuance of subordinated bonds by its subsidiary, Shenwan Hongyuan Securities, on November 13, 2025 [1] - The total issuance size of the bonds is RMB 2.5 billion, with two varieties: one for RMB 1.8 billion with a 3-year term and a coupon rate of 2.00%, and another for RMB 700 million with a 5-year term 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] Summary by Category Bond Issuance - The total size of the bond issuance is RMB 2.5 billion [1] - Variety one has an issuance size of RMB 1.8 billion, a term of 3 years, and a coupon rate of 2.00% [1] - Variety two has an issuance size of RMB 700 million, a term of 5 years, and a coupon rate of 2.15% [1] Listing Information - The bonds will be listed on the Shenzhen Stock Exchange on November 19, 2025 [1] - The bond names are "25申证C3" for variety one and "25申证C4" for variety two, with respective codes "524526" and "524527" [1] - The bonds are targeted at professional institutional investors [1]

Core 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]

Core Viewpoint - Shenwan Hongyuan (06806) announced the completion of its subsidiary Shenwan Hongyuan Securities Co., Ltd.'s 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 bond issuance was completed on November 13, 2025, with a total scale of RMB 2.5 billion [1] - The first type of bond has an issuance size of RMB 1.8 billion, a term of 3 years, and a coupon rate of 2.00% [1] - The second type of bond has an issuance size of RMB 0.7 billion, a term of 5 years, and a coupon rate of 2.15% [1] Group 2: Listing Information - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting November 19, 2025 [1] - The first type of bond will be referred to as "25申证C3" with the bond code "524526" [1] - The second type of bond will be referred to as "25申证C4" with the bond code "524527" [1]

Core Viewpoint - Shenwan Hongyuan (06806.HK) announced the successful issuance of subordinated bonds aimed at professional investors, indicating a strategic move to enhance capital structure and liquidity [1] Group 1: Bond Issuance Details - The total issuance size of the bonds is RMB 2.5 billion [1] - The first type of bond has an issuance size of RMB 1.8 billion, a maturity of 3 years, and a coupon rate of 2.00% [1] - The second type of bond has an issuance size of RMB 0.7 billion, a maturity of 5 years, and a coupon rate of 2.15% [1] Group 2: Listing Information - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting November 19, 2025 [1] - The first type of bond is referred to as "25申证C3" with the bond code "524526" [1] - The second type of bond is referred to as "25申证C4" with the bond code "524527" [1]

申万宏源 2025年第二期次级债券11月19日起在深交所上市，其中品种一代码"524526"，简称"25申证 C3"，发行总额18亿元，票面利率2%，期限3年；品种二代码"524527"，简称"25申证C4"，发行总额7亿 元，票面利率2.15%，期限5年。 ...