Bank of Changsha (SHA:601577) completed the payment for the book-building of an 8 billion yuan Tier 2 bond, according to a Shanghai bourse filing on Tuesday.
The 10-year fixed-rate bond, which was issued in 2024, has a coupon rate of 2.36%. The lender has an option to redeem the bond in its 5th year.
Proceeds for the bond issuance will be used to supplement the lender's Tier 2 capital.
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