CITIC Bank Completes RMB20.00 Billion Issue of 2026 Undated Capital Bonds at 1.97% Coupon

Bulletin Express
06/12

China CITIC Bank Corporation Limited (CITIC Bank) has finalized the issuance of its 2026 Undated Capital Bonds (Tranche 2, Bond Connect) in the national inter-bank bond market. The book-building process closed on 10 June 2026, and settlement was completed on 12 June 2026.

The offering raised RMB20.00 billion, carrying a coupon rate of 1.97% for the first five years. The rate will reset every five years thereafter, and the bank retains a conditional redemption option on each interest-payment date starting from the fifth year.

Regulatory approval for the transaction was granted by both the National Financial Regulatory Administration and the People’s Bank of China. Net proceeds are designated to replenish CITIC Bank’s other Tier 1 capital, in line with applicable regulations and approvals.

Chairman Fang Heying signed the announcement on behalf of the board on 12 June 2026.

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