Huaxia Bank completes Rmb20 bn perpetual bond issuance

Huaxia Bank Co., Ltd. recently completed the issuance of its "Huaxia Bank Co., Ltd. 2025 Perpetual Capital Bond (Tranche 1)" in the national interbank bond market. The issuance received approvals from the People's Bank of China and the National Financial Regulatory Administration. The bonds were booked on November 28, 2025, and issued on December 2, 2025.

The total issuance size for this tranche of bonds is RMB 20 billion. The bond carries a coupon rate of 2.32% for the first five years, with an adjustment every five years thereafter. The issuer also retains a conditional redemption option on each interest payment date from the fifth year onwards.

The funds raised from this bond issuance will be utilized to supplement Huaxia Bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals. The board of directors of Huaxia Bank Co., Ltd. issued this announcement on December 4, 2025.