CITIC Bank Completes Issuance of 2026 Special Financial Bonds for Agriculture, Rural Areas and Farmers (Bond Connect)

Deep News10-26 17:50

On October 26, a financial frontline news report stated that CITIC BANK (ASX: 00998) has issued an announcement stating that, with the approval of the People's Bank of China, the bank recently successfully issued the CITIC Bank Corporation Limited 2026 Special Financial Bonds for Agriculture, Rural Areas and Farmers (Bond Connect) (hereinafter referred to as the current tranche of bonds) in the national interbank bond market.

The current tranche of bonds was bookbuilt on October 22, 2026, and completed issuance on October 26, 2026.

The issuance scale of the current tranche of bonds is RMB 10 billion, with a 3-year floating-rate bond variety. The coupon rate for the first interest rate adjustment period is 1.52%, and the fixed spread is 0.15%.

The funds raised from the current tranche of bonds will be used, in accordance with applicable laws and the approval of regulatory authorities, specifically for issuing agriculture-related loans.

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