China Bohai Bank Completes 9 Billion Yuan Tier 2 Bond Issue

MT Newswires Live

05/22

China Bohai Bank (HKG:9668) completed the issuance of 9 billion yuan in tier 2 capital bonds in China's interbank bond market, according to a Thursday Hong Kong bourse filing.

Shares of the lender were up more than 1% in late morning trade on Friday.

The bonds are 10-year fixed-rate notes with an issuer redemption option at the end of the fifth year and carry a coupon rate of 2.10%.

The bank said proceeds from the issuance will be used entirely to replenish its tier 2 capital.

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