On November 17, Xiamen Bank Co., Ltd. announced that, with approval from the People's Bank of China and the Xiamen Bureau of the National Financial Regulatory Administration, it has successfully issued "Xiamen Bank Co., Ltd. 2025 Perpetual Capital Bonds (Phase I)" (hereinafter referred to as "the Bonds") in the national interbank bond market.
The Bonds were recorded on November 13, 2025, and issued on November 17, 2025, with a total issuance scale of RMB 1.9 billion. The coupon rate for the first five years is set at 2.32%, adjustable every five years thereafter. The issuer retains conditional redemption rights on each interest payment date starting from the fifth year.
Proceeds from the Bonds will be used to replenish the bank's additional Tier 1 capital, in compliance with applicable laws and regulatory approvals.
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