Core Points - The announcement details the completion of the issuance of the "2025 Third Phase Total Loss Absorption Capacity Non-Capital Bonds" by the Bank of Communications [1] - The total issuance scale of the bonds is 30 billion RMB, divided into two types: a fixed-rate bond and a floating-rate bond [1] Summary by Category Bond Issuance Details - The total scale of the bond issuance is 30 billion RMB, consisting of two varieties: 26 billion RMB for the 4-year fixed-rate bond with a coupon rate of 1.93% and 4 billion RMB for the 4-year floating-rate bond with an initial coupon rate of 1.94% [1] - Both bond types have a conditional issuer redemption right at the end of the third year [1] 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]

Group 1 - The core stock price of Bank of Communications (601328) closed at 7.52 yuan, up 2.87% from last week’s 7.31 yuan, with a market cap of 664.496 billion yuan, ranking 6th among state-owned large banks and 21st among 5165 A-shares [1] - The Ministry of Finance's shareholding in Bank of Communications increased from 23.88% to 35.02%, making it the controlling shareholder, with no plans for major business adjustments or asset restructuring during the supervision period [1][3] - Bank of Communications successfully issued 30 billion yuan of total loss-absorbing capacity non-capital bonds, with 26 billion yuan in fixed-rate bonds at a coupon rate of 1.93% and 4 billion yuan in floating-rate bonds at a coupon rate of 1.94% [1][3]

Core Viewpoint - The issuance of the third phase of total loss-absorbing capacity non-capital bonds by Bank of Communications demonstrates strong market demand and effective capital management strategies [1] Summary by Categories Issuance Details - The total issuance scale of the bonds is 30 billion yuan, with a maturity of 3+1 years [1] - Fixed-rate bonds account for 26 billion yuan with a coupon rate of 1.93%, achieving a subscription rate of 1.97 times [1] - Floating-rate bonds total 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 a subscription rate of 1.77 times [1] Market Conditions - The issuance took advantage of favorable market conditions, allowing for an oversubscription of 20 billion yuan beyond the base issuance of 10 billion yuan [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] Summary by Categories Bond Issuance Details - The total scale of the bond issuance is 30 billion RMB, divided into two varieties: a fixed-rate bond with a scale of 26 billion RMB and a floating-rate bond with a scale of 4 billion RMB [1] - The fixed-rate bond has a maturity of 4 years with a coupon rate of 1.93% and includes a conditional issuer call 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 issuer call option at the end of the third year [1] 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 in accordance with applicable laws and regulatory approvals [1]

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]