QILU BANK(SH:601665) Zhong Guo Zheng Quan Bao·2025-08-07 23:01Group 1 - Qilu Bank announced that Qilu Convertible Bonds will be delisted on August 14, following the last trading day on August 8 and the last conversion day on August 13 [1][2] - As of August 7, the market price of Qilu Convertible Bonds was 123.69 CNY per bond, significantly higher than the redemption price of 100.71 CNY per bond, indicating a potential loss of approximately 19% for investors who do not convert or sell in time [1][2] - The early redemption was triggered due to the underlying stock price rising, with Qilu Bank's stock price increasing nearly 16% year-to-date as of August 7 [2][3] Group 2 - This year, five bank convertible bonds have triggered early redemption clauses, with Qilu Convertible Bonds being the latest [3] - The banking sector has shown strong performance, with the Shenwan Primary Bank Index rising over 14% this year, and several banks, including Pudong Development Bank and Agricultural Bank, experiencing significant stock price increases [3] - The issuance of bank convertible bonds is seen as an important tool for capital replenishment, providing advantages such as easier issuance and lower financing costs [3] Group 3 - According to estimates, after the conversion of Qilu Convertible Bonds, Qilu Bank's core Tier 1 capital adequacy ratio is expected to reach 11.62% by 2025, an increase of 0.87 percentage points from 2024 [4]