China Minsheng Bank successfully issues RMB30bn in bonds

China Minsheng Banking Corp. (HKEX:1988) has successfully issued RMB30 billion in undated capital bonds. The issuance, approved by the National Financial Regulatory Administration and the People's Bank of China, was completed on June 23, 2025. These "2025 Undated Capital Bonds (First Tranche) of China Minsheng Banking Corp., Ltd." have been registered and placed in custody with Shanghai Clearing House, marking a strategic move within the national inter-bank bond market. The bonds feature a phased adjustable coupon rate, with an initial rate of 2.30% for the first five years. The bank has the option to redeem the bonds on the fifth anniversary or at subsequent interest payment dates. The proceeds from the bond issuance are earmarked for replenishing the bank's tier-one capital, subject to regulatory approvals.