Ping An Bank completes CNY 30bn bond issuance

Ping An Bank (SZSE:000001) announced the successful completion of its issuance of the first phase of special financial bonds for small and micro enterprise loans (Bond Connect) for 2025. The issuance, approved by relevant regulatory authorities, took place in the interbank bond market. The bonds, with a total issuance size of CNY 30 billion, were priced on May 19, 2025, and the issuance was completed on May 21, 2025. These are 3-year fixed-rate bonds with a coupon rate of 1.74%. The bank intends to use the funds specifically for the issuance of small and micro enterprise loans, subject to applicable laws and regulatory approvals.