Bank Of Qingdao Co.,Ltd. announced today that it has successfully completed the issuance of its first tranche of perpetual capital bonds in the national interbank bond market.
The issuance, named "Bank Of Qingdao Co.,Ltd. 2026 Perpetual Capital Bonds (First Tranche)", was carried out with the necessary approvals from the National Financial Regulatory Administration's Qingdao office and the People's Bank of China.
The bond was priced on July 7, 2026, and the issuance was finalized on July 9, 2026, with a total offering size of 4 billion yuan.
The bonds carry an initial coupon rate of 2.01% for the first five years, which will be adjusted every five years thereafter.
Bank Of Qingdao Co.,Ltd. retains the right to redeem all or part of the bonds on each interest payment date starting from the fifth year.
The proceeds from the bond issuance will be used to replenish the bank's other tier-one capital, in accordance with applicable laws and regulatory approvals.