News Column

CCB Issued CNY20bn Tier 2 Bonds

August 26, 2014

BEIJING, August 26, SinoCast -- China Construction Bank issued CNY 20 billion 15-year tier 2 bonds in the national interbank bond market recently.

The coupon rate is 5.98% and the bonds are attached the right to allow the issuer to redeem at the end of the tenth issuance year.

Approved by the shareholders' meeting of 2012, CCB will issue not more than CNY 60 billion write-down qualified capital instruments before the end of 2015.

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Source: Sinocast Banking & Credit Beat (China)

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