XIANMEN BANK(SH:601187) Jin Rong Jie·2025-11-20 02:47Core Viewpoint - Xiamen Bank has successfully issued a perpetual bond worth 1.9 billion RMB to enhance its capital structure, with the bond receiving formal approval from regulatory authorities [1] Group 1: Bond Issuance Details - The bond issued is titled "Xiamen Bank Co., Ltd. 2025 Perpetual Capital Bond (Phase I)" and has a fixed interest rate of 2.32% for the first five years, with adjustments every five years thereafter [1] - The issuance process began on November 13 and was completed on November 17, with a total issuance size of 1.9 billion RMB [1] - The funds raised will be specifically used to supplement the bank's other Tier 1 capital, in compliance with regulatory requirements [1] Group 2: Previous Capital Instruments - Xiamen Bank has three existing perpetual bonds: 1 billion RMB issued in 2020 at a rate of 4.80%, 1.5 billion RMB in 2021 at the same rate, and 3.5 billion RMB in 2023 at a rate of 3.95% [2] - The 1 billion RMB bond issued in 2020 is scheduled for full redemption on December 10 of this year [2] - Additionally, the bank issued two tranches of subordinated debt in 2021, totaling 2 billion RMB and 2.5 billion RMB, with interest rates of 4.20% and 3.94% respectively [2] Group 3: Capital Adequacy and Financial Performance - As of September 30, 2025, Xiamen Bank's core Tier 1 capital adequacy ratio is 8.52%, Tier 1 capital ratio is 10.54%, and total capital adequacy ratio is 13.24%, showing declines from the previous year [2] - The bank's total assets reached 442.558 billion RMB as of September 30, 2025, reflecting an 8.52% increase year-on-year [2] - For the first three quarters of 2025, Xiamen Bank reported operating income of 4.287 billion RMB, a year-on-year increase of 3.02%, and a net profit of 2.026 billion RMB, up 0.73% year-on-year [2]