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China Construction Bank completes CNY 40bn bond issuance

May 20, 2025 at 05:12 PM UTCBy FilingReader AI

China Construction Bank Corporation (SSE:601939) announced the successful completion of its issuance of CNY 40 billion in perpetual term capital bonds (First Tranche) via Bond Connect on May 19, 2025. The bonds, approved at the bank's extraordinary general meeting on April 29, 2024, bear a coupon rate of 1.99% for the initial five years, with adjustments every five years thereafter. CCB may redeem the bonds on each interest payment date starting from the fifth year. Proceeds from the bond issuance will be used to bolster the bank's Tier 1 capital, subject to regulatory approval.

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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