China Construction Bank Issues 70 Billion Yuan in Tier-2 Capital Bonds

MT Newswires Live10-23

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment