BQD Completes RMB4.50 Billion Three-Year Bond Connect Deal at 1.59% Coupon
Bulletin Express
Sep 17
The People’s Bank of China has approved Bank of Qingdao Co., Ltd. (BQD) to issue its first tranche of financial bonds via Bond Connect, raising RMB4.50 billion in the national interbank bond market. Bookbuilding took place on 15 September 2026 and the transaction was finalized on 17 September 2026.
The offering comprises a single three-year fixed-rate tranche with a coupon of 1.59%. According to the announcement, the proceeds will be applied to asset–liability management, diversification of funding sources, optimization of debt maturity profiles, and support of the bank’s ongoing business development, in line with regulatory approvals.
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