Bank of Communications Co (HK:3328) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Bank of Communications Co. has successfully completed the issuance of its first 2024 tranche of Total Loss-Absorbing Capacity non-capital bonds, raising RMB30 billion. These fixed-rate bonds, with a four-year term and a 2.11% coupon rate, are part of the bank’s strategy to strengthen its financial resilience. This move highlights the bank’s commitment to bolstering its financial stability amidst evolving market conditions.
For further insights into HK:3328 stock, check out TipRanks’ Stock Analysis page.
