2015 Shanxi Securities Co. Ltd subordinated bond issuance (first tranche) was accomplished successfully on 29 January 2015. ZhongDe Securities was engaged as the sole lead manager in this deal. The deal is CNY 1.3 billion with tenor of 3 years (1+2) and annual coupon rate of 5.87%.

To broaden the financing channel and further increase the net capital, Shanxi Securities have issued the first tranche sub-debt. With the effective communication with regulatory authority and efficient cooperation with Shanxi Securities, the project team completed the deal within 1 month since the project kick off. ZhongDe Securities seized a good timing for the issuance with a favorable market window, and the offering triggered extremely high investor sentiment. Shanxi Securities successfully achieved the goal of net capital increment and short-term financing with low cost.