Bank of Hangzhou completes RMB10bn perpetual bond issuance

Hangzhou Bank Co., Ltd. announced the successful completion of its 2025 Undated Capital Bonds (Second Tranche) issuance on the national interbank bond market. The issuance, with a scale of RMB10 billion, concluded on November 27, 2025, following book-building on November 25, 2025.

The bonds carry a coupon rate of 2.32% for the first five years, with adjustments every five years thereafter. The company retains the right to redeem all or part of these bonds from the fifth year onwards on each interest payment date.

The proceeds from this bond issuance are earmarked for supplementing the company's other tier-one capital, subject to applicable laws and regulatory approvals. The board of directors assumes full responsibility for the truthfulness, accuracy, and completeness of this announcement.