The Bank of Qingdao (03866) announced that it was approved by the People's Bank of China and the Qingdao Regulators of the National Financial Supervisory Administration...
According to the Zhitong Finance APP, the Bank of Qingdao (03866) announced that it has successfully issued the '2024 Subordinated Capital Bonds of Bank of Qingdao Co., Ltd.' in the national inter-bank bond market, with the approval of the People's Bank of China and the Qingdao Bureau of the State Financial Supervision and Administration.
The bonds will be issued on December 16, 2024, with a total issuance scale of 2 billion yuan, classified as a 10-year fixed-rate bond, which includes a conditional issuer call option at the end of the fifth year, with a coupon rate of 2.15%.
The funds raised from this bond issue will be used to supplement the bank's subordinated capital, in accordance with applicable laws and the approval of regulatory authorities.