China Bohai Bank completes RMB10 bn undated capital bond issuance

China Bohai Bank Co., Ltd. announced the completion of its RMB10 billion Undated Capital Bonds issuance. The bank's board approved the offering, which also received approvals from the National Financial Regulatory Administration and the People's Bank of China. The bonds were issued in China's national inter-bank bond market, with bookkeeping filed on November 18, 2025, and the issue completed on November 20, 2025. Interest on the bonds began accruing on November 20, 2025.

The bonds carry a coupon rate of 2.37% for the initial five years, with a coupon rate adjustment period every five years thereafter. China Bohai Bank retains a conditional redemption right on every interest payment date from the fifth year onwards. The entire proceeds from this issuance are earmarked to replenish the bank's additional Tier 1 capital.

As of the announcement date in Tianjin, China, the board of directors includes executive directors Wang Jinhong and Qu Hongzhi; non-executive directors Au Siu Luen, Yuan Wei, Duan Wenwu, Hu Aimin, and Zhang Yunji; and independent non-executive directors Tse Yat Hong, Shum Siu Hung Patrick, Wang Aijian, Liu Junmin, Liu Lanbiao, and Ouyang Yong.