Zhitong Finance App News, CICC (03908) announced that China International Finance Co., Ltd. (hereinafter referred to as the “issuer”, “the Company” or “CICC”) has publicly issued no more than RMB 20 billion (including 20 billion yuan) of perpetual sub-prime bonds (hereinafter referred to as “current bonds”) to professional investors, registered with the China Securities Regulatory Commission (Securities Regulatory License [2025] No. 2290).
The issuer's current bond was issued in instalments. Among them, China International Finance Co., Ltd. publicly issued perpetual subprime bonds (fifth installment) (hereinafter referred to as “current bonds”) to professional investors in 2026 on a scale of no more than RMB 4.6 billion (including 4.6 billion yuan). The current bond is abbreviated as 26 CCIC Y5, and the bond code is 245824. Each issuer's current bond has a face value of 100 yuan, and the issue price is 100 yuan/sheet.
The current bond is repriced every 5 interest-bearing years for 1 repricing cycle. At the end of each repricing cycle, the company has the right to choose to extend the term of the current bond by 1 repricing cycle (that is, continue for 5 years) or pay the full amount of the current bond. The current bond uses simple interest to accrue interest on an annual basis, without compounding interest. The coupon interest rate for the first 5 interest-bearing years of the current bond will be determined by negotiation between the issuer and the lead underwriter within the coupon interest rate inquiry range based on the offline inquiry bookkeeping results, and will remain unchanged for the first 5 interest-bearing years. The coupon interest rate is reset every 5 years starting from the 6th interest-bearing year.
The coupon interest rate inquiry range for this issue is 1.40% to 2.40% (including upper and lower limits). The final coupon interest rate for this issue will be determined by negotiations between the lead underwriter within the coupon interest rate inquiry range based on the bookkeeping filing results.