Core Points - Changsha Bank has successfully issued a perpetual capital bond with a total scale of RMB 4 billion, approved by the 2024 second extraordinary general meeting of shareholders [1][2] - The bond has a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and includes a conditional redemption right for the issuer after the fifth year [1] Summary by Sections - **Bond Issuance**: The bank's board approved the issuance of up to RMB 4 billion in perpetual capital bonds, which received necessary approvals from regulatory authorities [1][2] - **Use of Proceeds**: The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals [2]

Group 1 - The core point of the article is that Changsha Bank has announced the approval of issuing up to 4 billion RMB of perpetual capital bonds at its second extraordinary general meeting for 2024 [2] - The bank successfully issued the "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market, with a total issuance size of 4 billion RMB [2] - The bonds have a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and the issuer has the conditional redemption right on each interest payment date after the fifth year [2] Group 2 - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [2]

Core Viewpoint - Changsha Bank has successfully issued a capital bond of up to 4 billion RMB to supplement its Tier 1 capital, with a fixed interest rate for the first five years [1] Group 1: Bond Issuance Details - The bank's second extraordinary general meeting of shareholders approved the issuance of perpetual capital bonds not exceeding 4 billion RMB [1] - The bond, named "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bond," was successfully issued in the national interbank bond market [1] - The issuance scale is 4 billion RMB, with a coupon rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] Group 2: Regulatory Approvals - The issuance was approved by the Hunan Regulatory Bureau of the National Financial Supervision Administration and the People's Bank of China [1] - The bond was recorded on November 11, 2025, and payment was completed on November 13, 2025 [1] Group 3: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - Changsha Bank has approved the issuance of up to 4 billion RMB of perpetual capital bonds to supplement its Tier 1 capital [1] Group 1: Bond Issuance Details - The bank successfully issued "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market [1] - The bond issuance scale is 4 billion RMB, with a fixed interest rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] - The issuer has a conditional redemption right on each interest payment date after the fifth year [1] Group 2: Regulatory Approvals - The issuance was approved by the National Financial Supervision Administration Hunan Regulatory Bureau and the People's Bank of China [1] - The funds raised will be used in accordance with applicable laws and regulatory approvals to supplement the bank's other Tier 1 capital [1]