Luzhou Bank issues RMB1.8 bn in tier 2 capital bonds

Luzhou Bank Co., Ltd. announced the successful issuance of its 2025 Tier 2 capital bonds on September 29, 2025, in the national inter-bank bond market. The RMB1.8 billion issuance was approved by the People's Bank of China and the Sichuan Bureau of the National Financial Regulatory Administration.

These bonds have a 10-year maturity and a fixed coupon rate of 2.95%, with a conditional redemption right for the issuer after five years. Proceeds, after deducting issuance expenses, will replenish the bank's tier 2 capital in accordance with regulations.

This issuance is part of a broader, shareholder-approved plan to issue up to RMB4.6 billion in capital supplementary bonds during 2024-2025, including this RMB1.8 billion tranche. The board includes executive directors You Jiang and Liu Shirong, along with several non-executive and independent non-executive directors.