China Construction Bank (HK:0939) has released an update.
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China Construction Bank has successfully issued RMB35 billion in domestic tier-2 capital bonds with a 10-year term and a 1.96% fixed coupon rate, completing the issuance on December 30, 2024. These bonds will help bolster the bank’s tier-2 capital, enhancing its financial stability and capacity to support future growth. Investors may find these fixed-rate bonds attractive due to their conditional redemption feature after five years.
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