Xin Lang Cai Jing·2025-12-09 10:28Core Viewpoint - China Construction Bank has announced the issuance of up to 200 billion RMB worth of capital instruments, including contingent convertible bonds and qualified secondary capital tools, to enhance its capital structure [1][2]. Group 1 - The bank's first extraordinary general meeting of shareholders in 2024 will review the proposal for the capital tool issuance plan on April 29, 2024 [1][2]. - The bank has recently issued the third phase of its secondary capital bonds in the interbank bond market, completing the issuance on December 8, 2025 [1][2]. Group 2 - The total issuance size of the current bonds is 40 billion RMB, with a fixed interest rate bond for a term of 10 years [3][5]. - The bonds include a conditional redemption option for the issuer at the end of the fifth year, with a coupon rate set at 2.24% [3][5]. - The funds raised from this bond issuance will be used to supplement the bank's secondary capital, subject to applicable laws and regulatory approvals [5].