Core Insights - The issuance of bonds by commercial banks has significantly increased in 2023, with a total of 77 bonds issued amounting to 749.05 billion yuan, representing a 61.90% increase compared to the same period last year [1][2]. Group 1: Bond Issuance Overview - As of April 13, 2023, commercial banks have issued 41 commercial bank bonds and 36 subordinated bonds, with issuance amounts of 382.3 billion yuan and 366.75 billion yuan respectively [2]. - The issuance of subordinated bonds includes 28 tier-2 bonds and 8 perpetual bonds, with respective issuance amounts of 248.75 billion yuan and 11.8 billion yuan [2]. - Large banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, and China Bank have larger issuance scales, while smaller banks have issued more than 20 bonds, which is crucial for their capital replenishment [2]. Group 2: Capital Supplement Demand - There is a strong demand for capital replenishment among commercial banks in the second quarter of 2023, driven by expectations of monetary easing and a shift in credit resources towards small and micro enterprises, green projects, and agriculture [3]. - Perpetual bonds are expected to play a significant role in capital replenishment, gradually replacing preferred shares as an important tool for banks to supplement other tier-1 capital [3]. - Several listed banks have announced bond issuance plans, including Nanjing Bank planning to issue up to 20 billion yuan of perpetual capital bonds and Chengdu Bank planning to issue up to 7 billion yuan of qualified tier-2 capital instruments [3].
“补血”需求旺 商业银行二季度发债料提速
Xin Hua Wang·2025-08-12 06:27