China Bohai Bank (HKG:9668) completed the issuance of 9 billion yuan in tier 2 capital bonds in China's interbank bond market, according to a Thursday Hong Kong bourse filing.
Shares of the lender were up more than 1% in late morning trade on Friday.
The bonds are 10-year fixed-rate notes with an issuer redemption option at the end of the fifth year and carry a coupon rate of 2.10%.
The bank said proceeds from the issuance will be used entirely to replenish its tier 2 capital.
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