Bank of Qingdao (03866) Issues RMB2 Billion Perpetual Capital Bonds

Stock News10-28

Bank of Qingdao (03866) announced the successful issuance of "Bank of Qingdao Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market. The bonds were recorded on October 24, 2025, and fully issued by October 28, 2025, with a total scale of RMB2 billion.

The initial coupon rate for the first five years is set at 2.45%, 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 issuance will be used to supplement the bank's Tier 1 capital, in compliance with applicable laws and regulatory approvals.

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