-- Shenwan Hongyuan (SHE:000166, HKG:6806) plans to issue perpetual subordinated bonds worth up to 30 billion yuan, according to a Shenzhen bourse filing on Wednesday.
The bond will have a floating interest rate and a five-year term. The securities company has the option to extend the term or redeem the bonds in full.
The company's shares rose 1% during the morning trade.