CITIC Bank completes RMB 30bn SME bond issuance

China CITIC Bank Corporation Limited (SSE:601998) has announced the successful completion of its issuance of special financial bonds for small and micro enterprise (SME) loans, under the "Bond Connect" scheme. Approved by the People's Bank of China, the issuance, completed on March 28, 2025, amounts to RMB 30 billion. These bonds have a maturity of 3 years and carry a fixed interest rate of 1.92%. The proceeds from the bond issuance will be specifically allocated to supporting and expanding lending to small and micro enterprises, in line with the bank's commitment to supporting this sector of the economy.