Luzhou Bank Co., Ltd. has announced the successful issuance of its 2025 capital bonds without a fixed term, totaling RMB1.8 billion, in the national inter-bank bond market. This issuance follows the approval from the People's Bank of China and the Sichuan Bureau of the National Financial Regulatory Administration. The bonds carry a coupon rate of 2.75% for the first five years, subject to adjustment every five years. The proceeds, after deducting issuance expenses, will be used to replenish the Bank's other tier-one capital. The Bank's shareholders approved the issuance during the 2023 annual general meeting. There is no indication that the grant or regulatory approval involves multiple organizations beyond Luzhou Bank Co., Ltd.