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.
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