On 29 June 2026, China Construction Bank Corporation (CCB) completed the issuance of its first-tranche 2026 domestic Total Loss-Absorbing Capacity (TLAC) non-capital bonds through Bond Connect, raising a total of RMB60.00 billion in the National Interbank Bond Market.

The offering comprises two fixed-rate tranches: • RMB40.00 billion of 4-year notes carrying a 1.69% coupon, with a conditional issuer call option at the end of year three. • RMB20.00 billion of 6-year notes priced at 1.86%, featuring a conditional issuer call option at the end of year five.

Proceeds, net of issuance expenses, will be allocated to strengthening CCB’s total loss-absorbing capacity in line with regulatory requirements.

This deal forms part of the mandate approved at CCB’s Second Extraordinary Shareholders’ Meeting of 2025, which authorised the bank to issue up to RMB700.00 billion of capital and TLAC non-capital instruments—including a ceiling of RMB250.00 billion for TLAC non-capital debt. The current RMB60.00 billion placement represents 24.00% of that TLAC quota.