Shanghai Commercial & Savings Bank Announces It Will Request Issuance of $20 Million Currency-Linked Senior Unsecured Financial Debentures

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Provided by: THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD.

SEQ_NO

2

announcement date

2022/08/13

Announcement time

15:03:31

Matter

 Announced to apply for issuing USD 20 million senior
unsecured currency-linked Financial Debentures

Date of events

2022/08/13

What item it responds to

paragraph 11

Statement

1.Date of the board of directors resolution:2022/08/13
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:The Shanghai Commercial & Savings Bank Ltd.
 USD 20 million senior unsecured currency-linked
 Financial Debentures
3.Whether to adopt shelf registration (Yes/No):No
4.Total amount issued:USD 20,000,000
5.Face value per bond:USD 50,000
6.Issue price:Issue at 100% of the face value.
7.Issuance period:Depending on the actual market conditions.
8.Coupon rate:Depending on the level of the market interest rate and
the Bank's funding conditions.
9.Types, names, monetary values and stipulations of collaterals:None
10.Use of the funds raised by the offering and utilization plan:
In order to meet the short-term funds demand
11.Underwriting method:Undecided
12.Trustees of the corporate bonds:None
13.Underwriter or agent:Undecided
14.Guarantor(s) for the issuance:None
15.Agent for payment of the principal and interest:
The Shanghai Commercial & Savings Bank Ltd.
16.Certifying institution:None
17.Where convertible into shares, the rules for conversion:NA
18.Sell-back conditions:None
19.Buyback conditions:None
20.Reference date for any additional share exchange, stock swap, or
subscription:NA
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:NA
22.Any other matters that need to be specified:None

Disclaimer

Shanghai Commercial & Savings Bank Ltd. published this content on August 13, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 13, 2022 07:22:05 UTC.

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