Qingdao Rural Commercial Bank issues $500m in bonds to boost elder care lending

Qingdao Rural Commercial Bank Corporation announced the successful completion of its 2025 financial bond issuance. Approved by the People's Bank of China, the bonds were issued on the national interbank bond market. The book-building date for this issuance was December 8, 2025, with the settlement date on December 10, 2025.

The issuance comprised 500 million yuan in fixed-rate bonds with a three-year term. These bonds carry a coupon rate of 1.85%. The capital raised from this issuance is specifically earmarked to finance loans within the elder care industry, in accordance with applicable laws and regulatory approvals.