BANKOFZHENGZHOU (06196.HK): Completes RMB 10bn Perpetual Capital Bond Issuance at 1.88%

NewTimeSpace · 2026/10/16 08:21 · By Zeyu Wu

On 16 October 2026, BANK OF ZHENGZHOU (06196.HK) disclosed successful issuance of its 2026 perpetual capital bonds of RMB 10 billion in the interbank bond market, with a first five-year coupon of 1.88% and proceeds used to supplement other Tier 1 capital.

NewTimeSpace News: Bank of Zhengzhou Co., Ltd. (stock code: 06196) announced on 16 October 2026 that, with approval from the Henan Office of the National Financial Regulatory Administration and the People's Bank of China, the Bank has successfully issued its 2026 Perpetual Capital Bonds in the interbank bond market. The Bonds were priced on 13 October 2026 and payment was completed on 15 October 2026.

The announcement disclosed that the Bonds have an issuance size of RMB 10 billion, with a coupon rate of 1.88% for the first five years, resetting every five years, and an unconditional redemption right exercisable by the issuer on each interest payment date from the fifth year onwards. The proceeds from the Bonds will be used to supplement the Bank's other Tier 1 capital in accordance with applicable laws and regulatory approvals.

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Bank of Zhengzhou 06196.HK bond issue