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Bank of Communications (03328) completes issuance of the 2026 Second Tier 2 Capital Bonds (Bond Connect)

Zhitongcaijing·07/23/2026 09:49:03
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According to Zhitong Finance App, Bank of Communications (03328) issued an announcement. With the approval of the relevant regulatory authorities, Bank of Communications Co., Ltd. (“Bank of Communications”) issued “Bank of Communications Co., Ltd. 2026 Second Tier 2 Capital Bonds (Bond Connect)” (“Current Bonds”) in the national interbank bond market, and the issuance was completed on July 23, 2026.

The issuance scale of the current bond is RMB 40 billion, and the coupon interest rate is 1.89%. It is a 10-year fixed interest rate bond with conditional issuer redemption rights at the end of the 5th year.

After deducting issuance fees, all funds raised in this issue will be used to supplement the Bank's second-tier capital in accordance with applicable laws and approval from the competent authorities.