China Bohai Bank (HKG:9668) has completed the issue of 11 billion yuan of undated bonds, a Thursday bourse filing said.
The bonds carry a 2.38% coupon rate for the first five years, followed by a coupon rate adjustment period every five years.
The bank will use proceeds from the issue to replenish its additional tier 1 capital.
Shares of the lender closed over 1% lower on Thursday.
Price (HKD): $0.90, Change: $-0.010, Percent Change: -1.10%
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