China Construction Bank (HK:0939) has released an update.
China Construction Bank Corporation has successfully issued RMB 50 billion in total loss-absorbing capacity non-capital bonds, consisting of both 4-year and 6-year fixed rate bonds. The proceeds from the bond issuance, after covering expenses, will be used to enhance the bank’s total loss-absorbing capacity. This strategic financial step aims to fortify the bank’s resilience in accordance with governing laws.
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