Shanghai Rural Commercial Bank Co., Ltd. has announced the successful completion of its 2026 first tranche green financial bond issuance, which took place recently in the national interbank bond market following regulatory approval from the People's Bank of China.
The bonds, formally designated as "Shanghai Rural Commercial Bank Co., Ltd. 2026 Green Financial Bond (First Tranche)," were registered and deposited with the China Central Depository & Clearing Co., Ltd. The bookbuilding process occurred on September 16, 2026, with the full issuance finalized on September 18, 2026.
The total issuance scale reached RMB 4 billion, featuring a term of three years. The bonds are structured into two varieties: variety one comprises fixed-rate bonds totaling RMB 3 billion, carrying a coupon rate of 1.55%, while variety two consists of floating-rate bonds at RMB 1 billion, with its initial coupon rate set at 1.60%, linked to the one-year Loan Prime Rate minus 140 basis points.
The proceeds from this issuance will be allocated, in accordance with applicable laws and regulatory approvals, to fund green industry projects as specified in the "Green Financial Support Project Catalogue (2025 Edition)."