China Construction Bank (HKG:0939, SHA:601939) has completed the issuance of its 2026 domestic Tier-2 capital bonds (third tranche) totaling 70 billion yuan, according to a Hong Kong bourse filing on Thursday.
The issuance comprises two types of fixed-rate bonds. The first type amounts to 55 billion yuan, has a 10-year term, and carries a coupon rate of 1.74%, with a conditional issuer redemption right at the end of the fifth year. The second type amounts to 15 billion yuan with a term of 15 years and a coupon rate of 1.93%, featuring a conditional issuer redemption right at the end of the tenth year.
Proceeds from the offering will be used to replenish the bank's Tier 2 capital.
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