Bank of Jiangsu completes CNY 10bn bond issuance
Bank of Jiangsu (SSE:600919) announced the successful completion of its 2025 perpetual term capital bonds (second phase) issuance via Bond Connect. The total issuance amounts to CNY 10 billion. These bonds, referred to as "this issuance" have a fixed interest rate of 2.05% for the first five years, with the interest rate to be adjusted every five years thereafter. Bank of Jiangsu retains the right to redeem the bonds on each interest payment date after the initial five-year period. The proceeds from the bond issuance will be used to supplement the bank's Tier 1 capital, improve its capital adequacy ratio, and support the sustainable development of its business. This announcement was approved by the Bank of Jiangsu's board of directors. The date of the announcement is June 14, 2025.
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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