On September 18th, Bank Of Beijing Co., Ltd. announced that its 2026 second tranche of perpetual subordinated bonds has been fully issued in the national interbank bond market. The issuance size reached RMB 30 billion, with a coupon rate of 1.88% for the first five years, which will reset every five years thereafter.

The bonds include a conditional redemption right exercisable by the issuer at the fifth anniversary and at every subsequent interest payment date. Proceeds from this issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals.