Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.
Bank of Tianjin Co., Ltd. has successfully issued RMB 10.0 billion in Tier-Two Capital Bonds in the National Inter-bank Bond Market, with the issuance process completed on May 22, 2024. These ten-year fixed-rate bonds, carrying a coupon rate of 2.75%, will bolster the bank’s Tier-Two capital as per regulatory guidelines. The bank retains a conditional right to redeem the bonds at the end of the fifth year.
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