China Minsheng Bank issues 6 bn yuan in financial bonds

China Minsheng Banking Corporation has successfully issued its "China Minsheng Banking Corporation 2025 Financial Bonds (Second Tranche)" in the national interbank bond market, following approval from the People's Bank of China. The bonds were booked on December 2, 2025, and issued on December 4, 2025.

The issuance amounts to 6 billion yuan with a 3-year floating interest rate. The interest rate adjustment period is every three months from the payment deadline. The bond's coupon rate comprises a base rate and a fixed spread. The base rate for the first interest period is the 1-year Loan Prime Rate (LPR) announced on November 20, 2025, with subsequent interest payments based on the newly announced 1-year LPR prior to each payment date. The initial coupon rate for these bonds is 1.88%.

The funds raised from these bonds will be utilized to meet the Bank's asset-liability allocation needs, strengthen its capital sources, optimize its liability maturity structure, and promote the steady development of its business, in compliance with applicable laws and regulatory approvals.