On September 29, Qingdao Rural Commercial Bank Corporation announced today that with approval from the People's Bank of China and the Qingdao Bureau of the National Financial Regulatory Administration, the bank recently issued "Qingdao Rural Commercial Bank Corporation Limited 2025 Perpetual Capital Bond (First Tranche)" (hereinafter referred to as "this bond") in the national interbank bond market.
The bookbuilding date for this bond was September 26, 2025, with a payment date of September 29, 2025. The issuance scale totaled 5 billion yuan, with a coupon rate of 2.54% for the first five years. The coupon rate adjustment period is every five years, and the issuer has conditional redemption rights on each interest payment date starting from five years after the issuance date.
The proceeds from this bond issuance will be used to supplement the bank's additional tier-1 capital in accordance with applicable laws and regulatory approvals.
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