China Merchants Bank announces 2024 final dividend and bond issuance

China Merchants Bank (HKEX:3968) has updated its final dividend announcement for the year ended December 31, 2024, and released details on its successful issuance of undated additional Tier 1 capital bonds. Shareholders approved a final dividend and will receive corresponding distributions per share, though exact HKD amounts are still pending and will be announced. Alongside this updated dividend information, the bank also announced the successful issuance of RMB27 billion in Undated Additional Tier 1 Capital Bonds, completed on May 29, 2025. The bonds have a coupon rate of 2.05% for the initial five years. The proceeds will be allocated to bolster the bank's additional Tier 1 capital. These actions align with China Merchants Bank's strategy and capital planning targets to meet regulatory requirements and support continued growth.