CCB Completes Issuance of 70 Billion Yuan Domestic 2026 Tier 2 Capital Bonds (Third Tranche)

Stock News10-22

China Construction Bank Corporation (CCB) (ASX: 00939) has announced that the proposal regarding the issuance of capital instruments and total loss-absorbing capacity non-capital debt instruments was approved at the 2025 Second Extraordinary General Meeting of Shareholders held on November 27, 2025.

The bank was authorized to issue capital instruments and total loss-absorbing capacity non-capital debt instruments with a combined value not exceeding RMB 700 billion equivalent, of which capital instruments shall not exceed RMB 450 billion equivalent and total loss-absorbing capacity non-capital debt instruments shall not exceed RMB 250 billion equivalent.

With approval from relevant regulatory authorities, the bank recently issued the China Construction Bank Corporation 2026 Tier 2 Capital Bonds (Third Tranche) (Bond Connect) (the "Current Bonds") in the national interbank bond market, and completed the issuance on October 21, 2026.

The total issuance size of the Current Bonds is RMB 70 billion. The Current Bonds comprise two tranches: Tranche One has an issuance size of RMB 55 billion and is a 10-year fixed-rate bond with a conditional issuer redemption right at the end of the fifth year, carrying a coupon rate of 1.74%; Tranche Two has an issuance size of RMB 15 billion and is a 15-year fixed-rate bond with a conditional issuer redemption right at the end of the tenth year, carrying a coupon rate of 1.93%.

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