Dongguan Rural Commercial Bank (09889.HK): Completes Issuance of RMB1 Billion Perpetual Capital Bonds

NewTimeSpace News: On 11 August 2026, Dongguan Rural Commercial Bank (09889.HK) announced that, with the approval of the People’s Bank of China and the Guangdong Regulatory Bureau of the State Administration of Financial Regulation, the Bank has successfully issued the 2026 Perpetual Capital Bonds on the National Interbank Bond Market recently.

Book-building for this bond tranche commenced on 7 August 2026, and the issuance was completed on 11 August. The total issuance size amounts to RMB1 billion. As perpetual capital bonds, they carry a conditional call right exercisable by the issuer at the end of the fifth year, with a coupon rate of 1.97%.

According to the announcement, the proceeds raised from this bond issuance will be used to supplement the Bank’s Additional Tier 1 Capital in compliance with applicable laws and regulatory approvals.

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