Shanghai Commercial & Savings Bank : Announced to apply for issuing USD 20 million senior unsecured currency-linked Financial Debentures

About this update from Shanghai Commercial & Savings Bank, Ltd.

Close Today's Information Provided by: THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD. SEQ_NO 2 Date of announcement 2022/08/13 Time of announcement 15:03:31 Subject Announced to apply for issuing USD 20 million senior unsecured currency-linked Financial Debentures Date of events 2022/08/13 To which item it meets 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

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