BANKCOMM (03328.HK): Completes RMB40 Billion Tier 2 Capital Bond Issuance with Coupon Rate of 1.89%
NewTimeSpace News: Bank of Communications Co., Ltd. (03328.HK) announced that “Bank of Communications Co., Ltd. 2026 Phase II Tier 2 Capital Bonds (Bond Connect)” issued on the National Interbank Bond Market were fully subscribed and closed on 23 July 2026. The bond carries an issuance size of RMB40 billion and a coupon rate of 1.89%. It is a 10-year fixed-rate bond with a conditional issuer call option exercisable at the end of the 5th year.
NewTimeSpace News: On 23 July 2026, Bank of Communications Co., Ltd. (03328.HK) issued an announcement. Pursuant to approvals granted by relevant regulatory authorities, the publicly offered “Bank of Communications Co., Ltd. 2026 Phase II Tier 2 Capital Bonds (Bond Connect)” on the National Interbank Bond Market was successfully completed on 23 July 2026.
The bond has an aggregate issuance size of RMB40 billion and a fixed coupon rate of 1.89%. The tenor is 10 years with a conditional call option exercisable by the issuer at the end of the fifth year.
Net proceeds from the bond offering after deducting issuance expenses will be utilised in full to supplement the Bank’s Tier 2 Capital in compliance with applicable laws and regulatory approvals.
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