智通财经网·2025-08-28 14:21Core Viewpoint - Zhejiang Commercial Bank plans to issue capital bonds to enhance its capital base and reduce capital costs, pending approval from shareholders and regulatory authorities [1] Summary by Relevant Sections Issuance Details - The bank intends to issue capital bonds with a maximum scale of RMB 45 billion [1] - The types of instruments include perpetual capital bonds and subordinated capital bonds [1] - The duration for perpetual capital bonds aligns with the bank's ongoing operations, while subordinated capital bonds will have a minimum term of 5 years [1] Redemption and Interest Rate - The bank has the right to redeem the perpetual capital bonds and subordinated capital bonds in whole or in part after 5 years, subject to regulatory approval [1] - Interest rates will be determined based on market rates [1] Loss Absorption and Fund Utilization - Loss absorption will be executed through write-downs upon the occurrence of specified trigger events [1] - Proceeds from the perpetual capital bonds will be used to supplement the bank's other Tier 1 capital, while the subordinated capital bonds will be used to supplement Tier 2 capital, both subject to legal and regulatory approvals [1] Approval Timeline - The resolution for issuing the capital bonds is valid for 24 months following shareholder approval until regulatory approval is obtained [1]