China Everbright Bank issues RMB 40 bn in undated capital bonds

China Everbright Bank Company Limited has announced the successful completion of its "2025 Undated Capital Bonds (Tranche 1)" issuance. This issuance, approved by the National Financial Regulatory Administration and the People's Bank of China, was conducted in the interbank bond market.

The bonds were priced on September 16, 2025, and the issuance was completed on September 18, 2025. The total issuance size for these bonds is RMB 40 billion. The initial coupon rate for the first five years is 2.29%, with adjustments scheduled every five years. The bank retains a conditional redemption option on each interest payment date from the fifth year onwards.

The funds raised will be used to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals.