CICC Sets Coupon Rates for 2026 Sixth-Instance Corporate Bond Issuance at 1.63% and 1.72%

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Yesterday

CICC has announced the pricing for its sixth round of 2026 corporate bonds, which are designated for professional investors. The total issuance size for this tranche is capped at RMB 6 billion, with the offering split into two distinct classes.

Following an inquiry process with offline investors, the company has finalized the coupon rates for both classes. The first class of bonds will carry an annual interest rate of 1.63%, while the second class has been set at 1.72%. These rates reflect the borrowing costs that CICC will pay to bondholders over the course of the instrument's life.

The issuance is part of a broader funding strategy by the financial firm, allowing it to tap into the debt capital markets to secure long-term capital. The two-class structure provides flexibility to investors with varying risk appetites and investment horizons, as each class may feature different terms and conditions beyond just the coupon rate.

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