China Minsheng Banking issues RMB6 bn in financial bonds

China Minsheng Banking Corp., Ltd. (the "Bank") successfully issued RMB6 billion in financial bonds. The bonds were recorded on December 2, 2025, with issuance completed on December 4, 2025. This follows approval from the People's Bank of China for the "2025 Financial Bonds (Second Tranche) of China Minsheng Banking Corp., Ltd."

The 3-year term bonds feature a floating interest rate, with distribution rate adjustments occurring every three months after the payment settlement date. The initial interest-bearing period's distribution rate is set at 1.88%, determined by a benchmark rate plus a fixed spread. The benchmark for the first period is the one-year loan prime rate ("LPR") announced on November 20, 2025.

The proceeds from these bonds will be strategically utilized to support the Bank's asset and liability allocation, enhance funding sources, optimize liability maturity structure, and foster healthy business development, aligning with applicable laws and regulatory approvals.