Bank of Beijing completes CNY 20bn perpetual bond issuance
Bank of Beijing (SSE:601169) announced the completion of its issuance of "Bank of Beijing Co., Ltd. 2025 Perpetual Capital Bonds" on the national interbank bond market. The issuance, approved by relevant regulatory authorities, concluded on May 20, 2025, following book-building which started on May 16, 2025. The total issuance volume reached CNY 20 billion, with an initial coupon rate of 2.10% for the first five years, subject to adjustment every five years thereafter. The bond includes a conditional redemption option for the issuer on each interest payment date after the fifth year. Proceeds from the bond issuance will be used to supplement the bank's additional Tier 1 capital, subject to applicable laws and regulatory approvals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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