Luzhou Bank Completes RMB1.8 Billion Tier 2 Capital Bond Issuance in National Inter-Bank Market
Reuters
Sep 29
Luzhou Bank Completes RMB1.8 Billion Tier 2 Capital Bond Issuance in National Inter-Bank Market
Luzhou Bank Co., Ltd. has announced the successful completion of its 2025 tier 2 capital bonds issuance in the national inter-bank bond market. The offering, approved by both the People's Bank of China and the Sichuan Bureau of the National Financial Regulatory Administration, consists of RMB 1.8 billion in tier 2 capital bonds. The bonds have a maturity of 10 years and carry a fixed coupon rate of 2.95%. The issuer retains a conditional redemption right at the end of the fifth year. Proceeds from the issuance will be used to replenish the bank's tier 2 capital. This marks a key development following shareholder approval in May 2024 for the issuance of capital supplementary bonds up to RMB 4.6 billion during 2024-2025, specifically including up to RMB 1.8 billion in tier 2 capital bonds for 2025. No URL for the full prospectus is included in the document.
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