Bank of Chongqing Co., Ltd. Class H (HK:1963) has released an update.
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Bank of Chongqing Co., Ltd. successfully completed the issuance of its 2024 Tier 2 capital bonds on August 22, 2024, totaling RMB6 billion with a 2.23% coupon rate. The 10-year bonds, with a conditional redemption after five years, aim to boost the bank’s Tier 2 capital and support its ongoing business growth. The initiative aligns with applicable laws and received necessary regulatory approvals in China.
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