Bank of Chengdu (601838.SH) announced that it has been approved by the People's Bank of China and the Sichuan Regulatory Bureau of the China Banking and Insurance Regulatory Commission...
Chengdu Bank (601838.SH) announced that it has been approved by the People's Bank of China and the Sichuan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, and has successfully issued the "Chengdu Bank Co., Ltd. 2024 Tier 2 Capital Bonds (First Tranche)" on the National Interbank Bond Market. The bonds were booked on June 13, 2024 and issued on June 17, 2024. The bond issue size is RMB 4.3 billion, with a ten-year fixed interest rate and the issuer's conditional redemption right at the end of the fifth year, with a coupon rate of 2.39%. The funds raised from the bond issuance will be used to supplement the company's Tier 2 capital in accordance with applicable laws and regulatory approvals.