Bank of Communications completes 30bn yuan bond issuance

Bank of Communications completed a 30 billion yuan bond issuance on July 23, comprising total loss-absorbing capacity non-capital bonds.

The issuance included 25 billion yuan in 4-year fixed-rate bonds at 1.78% and 5 billion yuan in floating-rate bonds at 1.82%. Both bond types include conditional redemption rights after three years.