Zhi Tong Cai Jing·2025-11-14 10:09Core Viewpoint - The announcement details the issuance of a new bond by the Bank of Communications, aimed at enhancing its total loss-absorbing capacity, with a total issuance size of RMB 30 billion [1] Group 1: Bond Issuance Details - The total scale of the bond issuance is RMB 30 billion, divided into two types: a fixed-rate bond and a floating-rate bond [1] - The fixed-rate bond has a maturity of 4 years, with an issuance size of RMB 26 billion and a coupon rate of 1.93%, including a conditional redemption option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an issuance size of RMB 4 billion, an initial coupon rate of 1.94%, and a fixed spread of 0.46%, along with a conditional redemption option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity, subject to applicable laws and regulatory approvals [1]