PSBC (01658.HK) completes RMB30 billion perpetual capital bond issue at 1.76% for the first five years
NewTimeSpace News: On November 9, 2026, Postal Savings Bank of China Co., Ltd. (01658.HK/601658.SH) announced that, with the approval of the relevant regulatory authorities, its "Postal Savings Bank of China Co., Ltd. 2026 Perpetual Capital Bond (Second Tranche) (Bond Connect)", issued in the national interbank bond market, was fully issued on November 6, 2026.
According to the announcement, the bonds were bookbuilt on November 4, 2026, with an issuance size of RMB30 billion. The coupon rate for the first five years is 1.76%, reset every five years, with the issuer holding a conditional redemption right on each interest payment date in the fifth year and thereafter.
The proceeds will be used, in accordance with applicable laws and the approval of the competent authorities, to replenish the bank's additional tier-1 capital.
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