交通银行股份有限公司 关于 2025 年第三期总损失吸收能力非资本债券 （债券通）发行完毕的公告 交通银行股份有限公司（以下简称"交通银行"或"本行"）董事会及全体董事保证本 公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担法律责任。 股票代码：601328 股票简称：交通银行 编号：临 2025-071 特此公告 交通银行股份有限公司董事会 2025 年 11 月 14 日 经相关监管机构批准，本行在全国银行间债券市场发行"交通银行股份有限 公司2025年第三期总损失吸收能力非资本债券（债券通）"（以下简称"本期债 券"），并于2025年11月14日发行完毕。 本期债券发行总规模为人民300亿元，分为两个品种，其中品种一为4年期固 定利率债券，发行规模为260亿元，票面利率为1.93%，在第3年末附有条件的发 行人赎回权；品种二为4年期浮动利率债券，发行规模为40亿元，首个利率重置 期票面利率为1.94%，固定利差0.46%，在第3年末附有条件的发行人赎回权。 本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用 于提升本行总损失吸收能力。 ...

Core Viewpoint - The announcement details the issuance of a new bond by the Bank of Communications, aimed at enhancing its total loss-absorbing capacity, with a total issuance size of RMB 30 billion [1] Group 1: Bond Issuance Details - The total scale of the bond issuance is RMB 30 billion, divided into two types: a fixed-rate bond and a floating-rate bond [1] - The fixed-rate bond has a maturity of 4 years, with an issuance size of RMB 26 billion and a coupon rate of 1.93%, including a conditional redemption option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an issuance size of RMB 4 billion, an initial coupon rate of 1.94%, and a fixed spread of 0.46%, along with a conditional redemption option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - The issuance of the "Bank of Communications Co., Ltd. 2025 Third Phase Total Loss Absorption Capacity Non-Capital Bonds" aims to enhance the bank's total loss absorption capacity, with a total issuance scale of 30 billion RMB [1] Group 1: Bond Issuance Details - The total scale of the bond issuance is 30 billion RMB, divided into two varieties [1] - The first variety is a 4-year fixed-rate bond with an issuance scale of 26 billion RMB and a coupon rate of 1.93%, featuring a conditional issuer call option at the end of the third year [1] - The second variety is a 4-year floating-rate bond with an issuance scale of 4 billion RMB, with the initial interest rate reset at 1.94% and a fixed spread of 0.46%, also including a conditional issuer call option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss absorption capacity, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - The company successfully issued a total of 30 billion yuan in bonds to enhance its total loss-absorbing capacity [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a fixed-rate bond with a scale of 26 billion yuan and a floating-rate bond with a scale of 4 billion yuan [1] - The fixed-rate bond has a maturity of 4 years and a coupon rate of 1.93% [1] - The floating-rate bond also has a maturity of 4 years, with the first interest reset period at a coupon rate of 1.94% and a fixed spread of 0.46% [1] Group 2: Purpose of Fundraising - The funds raised from the bond issuance will be used to enhance the company's total loss-absorbing capacity [1]

Core Viewpoint - Recently, Bank of Communications successfully issued the third phase of total loss-absorbing capacity non-capital bonds (TLAC bonds) in the interbank market, indicating strong investor demand and confidence in the bank's financial stability [1] Group 1: Issuance Details - The total issuance scale of the TLAC bonds is 30 billion yuan, with a maturity of 3+1 years [1] - The fixed-rate bond issuance scale is 26 billion yuan, with a coupon rate of 1.93%, and the overall subscription rate is 1.97 times [1] - The floating-rate bond issuance scale is 4 billion yuan, with an initial coupon rate of 1.94%, linked to the 60-day average of the 7-day repo rate (DR007), and the overall subscription rate is 1.77 times [1]

Core Viewpoint - Bank of Communications has successfully issued a total of RMB 30 billion in bonds to enhance its total loss-absorbing capacity, with two types of bonds being offered [1] Group 1: Bond Issuance Details - The total scale of the bond issuance is RMB 30 billion, divided into two varieties [1] - Type one is a 4-year fixed-rate bond with an issuance scale of RMB 26 billion and a coupon rate of 1.93%, featuring a conditional issuer call option at the end of the third year [1] - Type two is a 4-year floating-rate bond with an issuance scale of RMB 4 billion, with the first interest reset period having a coupon rate of 1.94% and a fixed spread of 0.46%, also including a conditional issuer call option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals [1]

Core Viewpoint - Bank of Communications has received regulatory approval to issue a total of RMB 30 billion in bonds to enhance its total loss-absorbing capacity [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a fixed-rate bond with a scale of RMB 26 billion and a floating-rate bond with a scale of RMB 4 billion [1] - The fixed-rate bond has a maturity of 4 years with a coupon rate of 1.93% and includes a conditional redemption option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an initial coupon rate of 1.94% and a fixed spread of 0.46%, along with a conditional redemption option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals [1]

本期債券募集資金在扣除發行費用後，將依據適用法律和主管部門的批准用於提 升本行總損失吸收能力。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年11月14日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 自願性公告 2025年第三期總損失吸收能力非資本債券（債券通）發行完畢 經相關監管機構批准，交通銀行股份有限公司（「本行」）在全國銀行間債券市場發 行「交通銀行股份有限公司2025年第三期總損失吸收能力非資本債券（債券通）」 （「本期債券」），並於2025年11月14日發行完畢。 本期債券發行總規模為人民幣300億元，分為兩個品種，其中品種一為4年期固定 利率債券，發行規模為260億元，票面利率為1.93%，在第3年末附有條件的發行 人贖回權；品種二為4年期浮動利率債券，發行規模為40億元，首個利率重置期 票面利率為1.94%，固定利差0.46%，在第3年末附有條件的發行人贖回權。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引 ...

Market Overview - The participation fund sector declined by 0.53% on November 14, with Changjiang Securities leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Individual Stock Performance - Notable gainers included: - Zhongshun Group (Code: 000039) with a closing price of 8.94, up 9.96% [1] - Guomai Technology (Code: 002093) with a closing price of 11.90, up 2.15% [1] - Major decliners included: - Changjiang Securities (Code: 000783) with a closing price of 8.80, down 2.98% [2] - Huatai Securities (Code: 601688) with a closing price of 22.17, down 2.93% [2] Capital Flow Analysis - The participation fund sector experienced a net outflow of 2.136 billion yuan from institutional investors, while retail investors saw a net inflow of 1.242 billion yuan [2] - The overall capital flow indicated that speculative funds had a net inflow of 894 million yuan [2] Detailed Capital Flow by Stock - Key stocks with significant capital flow: - Zhongshun Group had a net inflow of 597 million yuan from institutional investors, but a net outflow of 378 million yuan from speculative funds [3] - Industrial and Commercial Bank of China (Code: 601398) saw a net inflow of 145 million yuan from institutional investors [3] - Other stocks like Northeast Securities (Code: 000686) and Hanhua Technology (Code: 600226) showed mixed capital flows with both inflows and outflows from different investor types [3]

Core Insights - The state-owned large bank sector saw a slight increase of 0.17% on November 14, with China Bank leading the gains [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Bank Performance - China Bank (601988) closed at 5.82, up 1.39% with a trading volume of 3.83 million shares [1] - Bank of Communications (601328) closed at 7.52, up 0.94% with a trading volume of 2.07 million shares [1] - Industrial and Commercial Bank of China (601398) closed at 8.25, up 0.49% with a trading volume of 3.06 million shares [1] - Postal Savings Bank of China (601658) closed at 5.83, up 0.34% with a trading volume of 1.94 million shares [1] - China Construction Bank (601939) closed at 9.56, up 0.21% with a trading volume of 0.72 million shares [1] - Agricultural Bank of China (601288) closed at 8.50, down 0.70% with a trading volume of 3.55 million shares [1] Capital Flow Analysis - The state-owned large bank sector experienced a net inflow of 36.99 million yuan from institutional investors, while retail investors saw a net inflow of 91.47 million yuan [1] - Speculative funds had a net outflow of 128 million yuan [1] Individual Bank Capital Flow - Industrial and Commercial Bank of China (601398) had a net inflow of 14.5 million yuan from institutional investors, but a net outflow of 77.71 million yuan from speculative funds [2] - Bank of Communications (601328) had a net inflow of 83.88 million yuan from institutional investors, with a net outflow of 70.13 million yuan from speculative funds [2] - Postal Savings Bank of China (601658) had a net inflow of 83.25 million yuan from institutional investors, with a net outflow of 67.32 million yuan from speculative funds [2] - China Bank (601988) had a net inflow of 73.29 million yuan from institutional investors, with a net outflow of 13.32 million yuan from speculative funds [2] - Agricultural Bank of China (601288) had a significant net outflow of 37.1 million yuan from institutional investors, but a net inflow of 120 million yuan from speculative funds [2]