Sou Hu Cai Jing·2025-07-29 13:18Company Dynamics - China Construction Bank has announced the issuance of its 2025 Tier 2 Capital Bonds (Second Phase) in the national interbank bond market, approved by relevant regulatory authorities, with the issuance completed on July 25, 2025 [2] - The total scale of this bond issuance is RMB 45 billion, consisting of two varieties: the first variety is RMB 40 billion with a 10-year fixed interest rate bond, featuring a conditional issuer redemption right at the end of the 5th year, with a coupon rate of 1.94%; the second variety is RMB 5 billion with a 15-year fixed interest rate bond, featuring a conditional issuer redemption right at the end of the 10th year, with a coupon rate of 2.13% [3] - The funds raised will be used to supplement the bank's Tier 2 capital, subject to applicable laws and regulatory approvals [3] - This issuance is based on the resolution passed at the shareholders' meeting on April 29, 2024, which approved the issuance of up to RMB 200 billion equivalent of write-down perpetual capital bonds or write-down qualified Tier 2 capital instruments [3]