Ge Long Hui A P P·2025-11-14 10:22Core Viewpoint - The issuance of the "Bank of Communications Co., Ltd. 2025 Third Phase Total Loss Absorption Capacity Non-Capital Bonds" aims to enhance the bank's total loss absorption capacity, with a total issuance scale of 30 billion RMB [1] Summary by Categories Bond Issuance Details - The total scale of the bond issuance is 30 billion RMB, divided into two varieties: a fixed-rate bond with a scale of 26 billion RMB and a floating-rate bond with a scale of 4 billion RMB [1] - The fixed-rate bond has a maturity of 4 years with a coupon rate of 1.93% and includes a conditional issuer call option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an initial coupon rate of 1.94% and a fixed spread of 0.46%, along with a conditional issuer call option at the end of the third year [1] Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss absorption capacity in accordance with applicable laws and regulatory approvals [1]