Changsha Bank completes RMB 4 bn undated capital bond issuance

Changsha Bank Co., Ltd. has announced the successful completion of its RMB 4 billion undated capital bond issuance. The issuance was approved by the bank's 2024 second extraordinary general meeting of shareholders and subsequently by the Hunan Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China.

The "Changsha Bank Co., Ltd. 2025 Undated Capital Bonds" were booked on November 11, 2025, with payment completed on November 13, 2025. The bonds carry a coupon rate of 2.34% for the first five years, with adjustments every five years thereafter. The issuer also holds a conditional redemption option from the fifth year onwards.

The capital raised will be utilized to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals. This strategic move aims to enhance Changsha Bank's capital structure and support its ongoing operations.