Bank of Suzhou issues 20bn yuan perpetual capital bonds

Bank of Suzhou Co., Ltd. has announced the successful completion of its first tranche of 2025 perpetual capital bonds. The issuance, approved by the Jiangsu Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China, was conducted in the national interbank bond market.

The bonds have an issuance size of 20bn yuan, with a fixed coupon rate of 2.36% for the first five years, subject to adjustment every five years thereafter. The issuer also retains a conditional redemption option on each interest payment date from the fifth year onwards. The book-building date for this tranche was November 14, 2025, and the payment date was November 18, 2025.

The proceeds from this bond issuance will be utilized to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals. The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, free from any false records, misleading statements, or major omissions.