Recently, China Construction Bank Corporation (CCB) successfully concluded the issuance of its first tranche of perpetual capital bonds for 2026. The total issuance size for this tranche was 30 billion yuan, comprising a base issuance of 20 billion yuan with an oversubscription of 10 billion yuan. The bonds have a term of 5+N years, carrying a coupon rate of 1.92%, and achieved an overall subscription multiple of 2.4 times.

The issuance of these perpetual bonds effectively balanced scale and pricing while maintaining cost control, precisely matching market investment demand. The funds raised will be used to supplement the bank's other Tier 1 capital. This move will help the bank to continuously strengthen its multi-layered capital base, solidify its development foundation, and provide long-term capital support for financial services in key national sectors.