Bank Of Hangzhou Co.,Ltd. Completes Issuance of RMB 10 Billion Perpetual Capital Bonds

Deep News11-27

On November 27, Bank Of Hangzhou Co.,Ltd. announced that it has successfully issued "Bank Of Hangzhou Co.,Ltd. 2025 Perpetual Capital Bonds (Second Tranche)" in the national interbank bond market, following regulatory approvals.

The bonds were recorded on November 25, 2025, and fully issued by November 27, 2025, with a total issuance scale of RMB 10 billion. The initial coupon rate for the first five years is set at 2.32%, subject to adjustment every five years thereafter. The bank retains the right to fully or partially redeem the bonds on each interest payment date starting from the fifth year.

Proceeds from the bond issuance will be used to supplement the bank's additional Tier 1 capital, in compliance with applicable laws and regulatory approvals.

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