China Minsheng Banking (SHA:600016, HKG:1988) has completed the issuance of its second tranche of 2025 bonds, according to a Shanghai Stock Exchange filing on Monday.

The bank raised 6 billion yuan from the issuance of three-year floating interest rate bonds with a coupon rate of 1.88% for the first interest period.

The rate is based on the one-year loan prime rate, plus a fixed spread and will be adjusted every three months.

Proceeds will be used to meet the bank's asset and liability allocation needs, replenish funding sources, and optimize the maturity structure of its liabilities, the lender said.