China Construction Bank Issues RMB40 Billion Tier-2 Capital Bonds

Reuters12-09
<a href="https://laohu8.com/S/CICHF">China Construction</a> Bank Issues RMB40 Billion Tier-2 Capital Bonds

China Construction Bank Corporation has completed the issuance of its 2025 Tier-2 Capital Bonds (Third Tranche) (Bond Connect) in the National Interbank Bond Market. The bonds are fixed-rate with a term of 10 years, a coupon rate of 2.24%, and give the issuer a conditional redemption right at the end of the fifth year. The size of this issuance is RMB40 billion. The funds raised will be used to replenish the bank's tier-2 capital in accordance with regulatory approvals.

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