Bank of Shanghai Completes Issuance of 20 Billion Yuan Bonds
Bank of Shanghai (SHA:601229) completed the issuance of 20 billion yuan in bonds, according to a Thursday filing with the Shanghai bourse.The three-year bonds have a coupon rate of 1.58%.
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Bank of Shanghai (SHA:601229) completed the issuance of 20 billion yuan in bonds, according to a Thursday filing with the Shanghai bourse.The three-year bonds have a coupon rate of 1.58%.
Shanghai International Port (SHA:600018) posted two tranches of medium-term bonds amounting to 2 billion yuan, according to a weekend disclosure on the Shanghai bourse.Both bonds are worth 1 billion yuan each. They both have the same interest rate of 1.98% and the same term of 10 years, maturing Aug. 27, 2036.Bank of Shanghai (SHA:601229) is the underwriter of the first tranche, while China Merchants Bank (SHA:600036, HKG:3968) is the underwriter of the second tranche.
Bank of Shanghai's (SHA:601229) attributable profit amounted to 13.3 billion yuan in the first half, largely unchanged from 13.2 billion yuan in the year-ago period.Earnings per share at the bank stayed flat at 0.82 yuan, according to a Friday filing with the Shanghai Stock Exchange.Net interest income went up 7.4% to 17.7 billion yuan from 16.5 billion yuan. Fee and commission income slid 10% to 1.85 billion yuan from 2.06 billion yuan.Impairment provisions for loans measured at amortized cost expanded to 42.9 billion yuan from 41.3 billion yuan. The non-performing loan ratio rose to 1.42% as of the end of the first half from 1.18% at the end of the second half of 2025.The board declared a dividend of 3 yuan per 10 shares, or 0.30 yuan per share.The bank's shares slipped 2% during morning trading on Friday.
Bank of Shanghai (SHA:601229) raised 25 billion yuan via the issue of three-year bonds, according to a weekend filing with the Shanghai bourse.The financial bonds, with a coupon rate of 1.57%, raised 20 billion yuan. Proceeds are earmarked for asset-liability allocation needs, replenishing funding, optimizing the liability maturity structure and promoting business development.The green financial bonds carrying a 1.50% coupon raised 5 billion yuan, with proceeds to go toward green industry projects.
GEM (SHE:002340) issued 500 million yuan of three-year technology innovation bonds, according to a Friday filing with the Shenzhen Stock Exchange.The bonds hold a coupon rate of 2.54% and will mature on July 16, 2029. They form part of a 1.50-billion-yuan issuance.Industrial Bank (SHA:601166) is the bookkeeping manager and lead underwriter.Guangdong China Resources Bank, CITIC Bank (HKG:0998, SHA:601998), Guangfa Bank, Bank of Shanghai (SHA:601229), and Shanghai Pudong Development Bank (SHA:600000) are the joint lead underwriters.
Shanghai Brilliance Credit Rating and Investors Service affirmed Bank of Shanghai's (SHA:601229) issuer credit rating at "AAA" due to its "extremely strong capacity" to pay debt, according to a Shanghai bourse filing on Tuesday.The rating agency also maintained the "AAA" rating on the bank's bonds.Shanghai Brilliance Credit Rating maintained a stable outlook for the lender as its credit profile is expected to remain stable over the next 12 months.The lender's shares rose 1% during the morning trade.
Bank of Shanghai (SHA:601229) adjusted the conversion price of its 20 billion yuan convertible bonds, according to a Shanghai bourse filing on Tuesday.The conversion price was adjusted to 8.35 yuan per share from 8.57 yuan per share, effective June 8, after the implementation of the 2025 profit distribution.
Bank of Shanghai's (SHA:601229) net profit attributable to shareholders in the first quarter rose 0.7% to 6.33 billion yuan from 6.29 billion yuan, according to a Shanghai bourse filing on Friday.Earnings per share stayed flat year on year at 0.39 yuan.Operating revenue jumped 4.3% to 14.2 billion yuan from 13.6 billion yuan in the preceding year.