BQD (03866.HK): Completes RMB 2 Billion Tier 2 Capital Bond Issuance at 1.93% Coupon
NewTimeSpace News: On 13 August 2026, Bank of Qingdao Co., Ltd. (stock code: 03866.HK) announced that, with the approval of the Qingdao Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China, the Bank has successfully issued its 2026 Tier 2 capital bonds on China's interbank bond market.
According to the announcement, the bonds were bookbuilt on 10 August 2026 and the issuance was completed on 12 August 2026, with an issue size of RMB 2 billion. The bonds are 10-year fixed-rate bonds carrying a conditional issuer's redemption right at the end of the fifth year, with a coupon rate of 1.93%.
The proceeds from the issuance will be used to replenish the Bank's Tier 2 capital, subject to applicable laws and regulatory approval.
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