China International Capital Corporation (03908) announced that it has obtained the approval from the China Securities Regulatory Commission regarding the public issuance of a maximum of 20 billion yuan (including 20 billion yuan) of perpetual subordinated bonds for professional investors (Approval Notice [2023] No. 193). These bonds will be underwritten by CITIC SEC and China Galaxy Securities Co., Ltd., with China International Capital Corporation planning to publicly issue perpetual subordinated bonds for professional investors (Phase II) in 2024, with an issuance scale not exceeding 3.5 billion yuan (including 3.5 billion yuan).

The subscription Range for the coupon rate of this phase of Bonds is 1.70%-2.70%. The coupon rate for this phase of Bonds will be determined based on the results of offline inquiry and agreed upon by the bookrunner in accordance with national regulations within the Range.

On December 13, 2024, the lead underwriter conducted a coupon rate inquiry to investors offline. According to the results of the offline investor inquiries, the final coupon rate for this phase of Bonds was determined to be 2.15%.