China Minsheng Bank issues RMB 40bn in tier 2 bonds

China Minsheng Banking Corp (SSE:600016) has successfully issued RMB 40 billion in Tier 2 capital bonds in the interbank bond market, approved by the National Administration of Financial Supervision and the People's Bank of China. This issuance, designated as "China Minsheng Bank Co., Ltd. 2025 Tier 2 Capital Bonds (First Phase)," carries a fixed interest rate of 2.35% and is a 10-year bond with issuer redemption options at the end of the fifth year. The funds raised will be used to supplement the bank's Tier 2 capital, increasing its capital adequacy ratio, and improve the bank's ability to withstand shocks to liquidity.