Bank of Qingdao Issues RMB2 Billion Capital Bonds

Bank of Qingdao Co., Ltd. Class H (HK:3866) has released an update.

Bank of Qingdao Co., Ltd. has successfully issued RMB2 billion in 2024 Tier-two Capital Bonds, featuring a 10-year fixed-rate tranche with a 2.15% coupon rate. The issuance, approved by the People’s Bank of China, aims to bolster the bank’s tier-two capital. Investors will note that the bank retains a conditional redemption right after five years.

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