The Bank Of Qingdao Co.,Ltd. (BQD) has announced that it has received approval from the People's Bank of China to issue capital supplementary bonds.

The bank has obtained the "Decision on Granting Administrative License" from the central bank, which permits it to issue these bonds in both the national interbank market and overseas markets.

This approval is valid until June 30, 2027, and the bank has the discretion to determine the timing of the issuance in tranches within this period.

This follows a prior approval from the National Financial Regulatory Administration's Qingdao bureau, which greenlit the issuance of capital instruments totaling no more than 6 billion yuan.

Under that approval, the bank has the autonomy to decide on the specific types of instruments, their issuance timing, the number of tranches, and the scale of each, provided the total issuance is completed within 24 months of receiving the approval.