CITIC Bank Successfully Issues 20 Billion Yuan in Perpetual Capital Bonds

Deep News06-14

CITIC BANK (00998) has announced that it recently successfully issued CITIC Bank Co., Ltd. 2026 Perpetual Capital Bonds (Second Tranche) (Bond Connect) in the national interbank bond market. The book-building for this bond issue was completed on June 10, 2026, with the issuance finalised on June 12, 2026.

The total issuance size of this bond tranche is 20 billion yuan. The coupon rate for the first five years is set at 1.97%, with adjustments scheduled every five years thereafter. The bonds include an issuer call option, exercisable by the issuer at each interest payment date starting from the fifth year and on every subsequent interest payment date thereafter.

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