Bank Of Qingdao Completes Sale of 2 Billion Yuan in Subordinated Tier 2 Bonds

Deep News
Aug 13

On August 13, financial news sources reported that Bank Of Qingdao Co.,Ltd. has announced the successful issuance of its "Bank Of Qingdao Co.,Ltd. 2026 Tier 2 Capital Bonds" on the interbank bond market. The issuance received approval from the Qingdao Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China.

The bonds were booked on August 10, 2026, and completed their issuance on August 12, 2026. The total issuance size is 2 billion yuan, consisting of 10-year fixed-rate bonds. These bonds include a conditional issuer redemption option at the end of the fifth year, with a coupon rate of 1.93%.

Proceeds from the bond issuance will be used to supplement the bank's Tier 2 capital, in accordance with applicable laws and regulatory approvals.

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