Bank of Changsha successfully issues RMB 10bn in bonds

Bank of Changsha announced today the successful issuance of its first tranche of financial bonds for 2025, following approval from the People's Bank of China. The total issuance reached RMB 10 billion, with a fixed interest rate of 1.98% over a three-year term. Bookbuilding was completed on March 25, 2025, and the proceeds from the bond issuance will be used to optimize the bank’s medium and long-term asset-liability structure. The bank aims to increase its stable, long-term liability sources and support the development of new, long-term asset business initiatives.