交通银行发行2025年第三期TLAC债券，发行规模300亿元

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]