New Issue Commentary — Shanghai Pudong Development Bank Co., Ltd.
Dealer commentary on this issuer’s latest new issue, summarised.
Shanghai Pudong Development Bank Co., Ltd. launched one new issue in the commentary: a 3year CNY Reg S green note issued through its Hong Kong Branch under its USD5bn Medium Term Note Programme. Initial price guidance was 2.15% area, with timing as early as the 20261112 business day and settlement on 19 November 2026. The notes are senior unsecured and carry Baa2 (Positive), BBB+ (Stable) and BBB+ (Stable) issuer ratings, with an expected Fitch issue rating of BBB+. The commentary contains no final pricing, book size or investor demand color, so the market reception of the deal is not yet reported.
| Tranche | Tenor | Coupon | Ccy | Size | Rank | Maturity |
|---|---|---|---|---|---|---|
| CNY 3Y Reg S Green Notes (Hong Kong Branch) | 3-year | CNY | Senior Unsecured |