On November 19, Bank of Suzhou Co., Ltd. announced that, with approval from the Jiangsu Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China, it has successfully issued "Bank of Suzhou Co., Ltd. 2025 Perpetual Capital Bonds (First Tranche)" (hereinafter referred to as "the Bonds") in the national interbank bond market.
The book-building date for the Bonds was November 14, 2025, with the payment date set for November 18, 2025. The issuance size amounted to RMB 2 billion. The initial coupon rate for the first five years is 2.36%, subject to adjustment every five years thereafter. The issuer retains a conditional redemption right on each interest payment date starting from the fifth year.
Proceeds from the Bonds will be used to supplement the bank's Tier 1 capital, in compliance with applicable laws and regulatory approvals.
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