BANKCOMM (03328) Completes Issuance of 2025 Phase III Total Loss-Absorbing Capacity Non-Capital Bonds (Bond Connect)

Stock News
Nov 14, 2025

BANKCOMM (03328) announced that, with approval from relevant regulatory authorities, the bank has successfully issued "BANKCOMM 2025 Phase III Total Loss-Absorbing Capacity Non-Capital Bonds (Bond Connect)" in the national interbank bond market. The issuance was completed on November 14, 2025.

The total issuance size of the bonds amounts to RMB 30 billion, divided into two tranches: - Tranche 1 consists of 4-year fixed-rate bonds with an issuance size of RMB 26 billion, carrying a coupon rate of 1.93% and featuring an issuer call option at the end of the third year. - Tranche 2 comprises 4-year floating-rate bonds with an issuance size of RMB 4 billion, offering an initial reset coupon rate of 1.94% plus a fixed spread of 0.46%, also with an issuer call option at the end of the third year.

Proceeds from the bond issuance, after deducting issuance expenses, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals.

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