Bank of Changsha gets green light for bond issuance

Changsha Bank Co., Ltd. (SSE:601577) has announced that it has received approval from the People's Bank of China to issue financial bonds. The approval, documented under the "Silver Xu Zhun Yu Jue Zi (2025) No. 25," allows the bank to issue bonds in the national interbank market and overseas markets. The new issuance is capped at CNY 15 billion, with the total outstanding balance of financial bonds not exceeding CNY 65 billion by year-end. Subordinated bonds, perpetual bonds, and other capital bonds' outstanding balance shall not exceed 50% of the Bank's core tier 1 capital. The regulatory permission is valid until December 31, 2025, during which time the bank can independently decide the timing for phased issuances. The bank stated it will strictly adhere to relevant regulations concerning bond issuance and information disclosure.