Core 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]

Core Viewpoint - Xiamen Bank successfully issued perpetual capital bonds, raising RMB 1.9 billion to supplement its Tier 1 capital [1] Group 1: Bond Issuance Details - The bond issuance was approved by the People's Bank of China and the Xiamen Regulatory Bureau of the National Financial Supervision Administration [1] - The bonds were recorded on November 13, 2025, and the issuance was completed on November 17, 2025 [1] - The total issuance size of the bonds is RMB 1.9 billion, with a fixed interest rate of 2.32% for the first five years, subject to adjustment every five years thereafter [1] Group 2: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the company's other Tier 1 capital, in accordance with applicable laws and regulatory approvals [1]

Core Points - Xiamen Bank has announced the issuance of its "2025 Perpetual Capital Bonds (First Phase)" approved by the People's Bank of China and the Xiamen Regulatory Bureau of the National Financial Supervisory Administration [2] - The bond issuance was recorded on November 13, 2025, and completed on November 17, 2025, with a total issuance scale of RMB 1.9 billion [2] - The coupon rate for the first five years is set at 2.32%, with adjustments every five years, and the issuer has a conditional redemption right on each interest payment date after the fifth year [2]