SPD Bank Completes 150 Billion Yuan Green Bond Issuance for 2026 First Tranche

Deep News
3 hours ago

Financial frontline news on August 24th, Shanghai Pudong Development Bank Co.,Ltd. (SPD Bank) announced that, following regulatory approval, it has issued the "2026 First Tranche Green Financial Bonds" in the national interbank bond market. The bonds have been registered and custodied with the Shanghai Clearing House.

The book-building process for this tranche concluded on August 20, 2026, with the issuance completed on August 24, 2026. The total issuance scale reached RMB 15 billion with a tenor of three years.

The bonds are divided into two categories based on interest rate type. Category One consists of fixed-rate bonds with an issuance scale of RMB 10 billion and a coupon rate of 1.53%. Category Two comprises floating-rate bonds with an issuance scale of RMB 5 billion, with the coupon rate linked to the 1-year LPR minus 142 basis points, resulting in an initial coupon rate of 1.58%.

The proceeds from this bond issuance will be utilized, in accordance with applicable laws and regulatory approvals, to fund green industry projects as specified in the "Green Finance Support Project Catalogue (2025 Edition)".

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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