China Bohai Bank wraps up ¥3.5 bn financial bond issuance

China Bohai Bank Co., Ltd. announced the completion of its ¥3.5 billion financial bond issuance, approved by the People's Bank of China and the bank’s 2024 extraordinary general meeting. The "CHINA BOHAI BANK CO., LTD. 2025 Financial Bonds (Tranche 2)" were issued in China's national inter-bank bond market, with bookkeeping filed on December 17, 2025, and interest accruing from December 19, 2025.

The issuance comprises two types of three-year bonds. Type 1, with an issue size of ¥1.5 billion, carries a fixed coupon rate of 1.86%. Type 2, valued at ¥2.0 billion, consists of floating rate bonds with a coupon rate based on the one-year Loan Prime Rate (LPR) minus 110 basis points, with the first adjustment period's coupon rate set at 1.90%.

The proceeds from this offering are earmarked for expanding funding sources, refining the maturity profile of the bank’s liabilities, and fostering the sound development of its business operations. The board of the bank, as of this announcement, includes executive directors Mr. Wang Jinhong and Mr. Qu Hongzhi, alongside a roster of non-executive and independent non-executive directors.