Bank of Communications Issues 50 Billion Yuan in Total Loss-Absorbing Capacity Non-Capital Bonds

Deep News05-15

On May 15, Bank of Communications announced that, with approval from relevant regulatory bodies, it has completed the issuance of "Bank of Communications Co., Ltd. 2026 Phase I Total Loss-Absorbing Capacity Non-Capital Bonds (Bond Connect)" in the national interbank bond market. The issuance was finalized on May 15, 2026.

Bank of Communications stated that the issuance size of this bond series is 50 billion yuan, with a coupon rate of 1.75%. It is a 4-year fixed-rate bond featuring a conditional issuer redemption option at the end of the third year. After deducting issuance costs, the raised funds will be used to enhance the bank's total loss-absorbing capacity, in accordance with applicable laws and approvals from the competent authorities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment