On December 3, according to the official WeChat account of Haitong Securities, recently, as a joint lead underwriter, Haitong Securities assisted Bank of Communications Limited in the successful issuance of the first tranche of Total Loss-Absorbing Capacity non-capital bonds (Bond Connect) due in 2024. The issuance size of this bond is 30 billion yuan, with a term of 3+1 years, a coupon rate of 2.11%, oversubscription multiplier of 2.2 times, and wide approval from capital market investors. As Bank of Communications' first TLAC non-capital bond, the funds raised will be used to enhance the company's total loss-absorbing capacity, helping to strengthen China's Global Systemically Important Banks' (G-SIBs) risk mitigation capabilities.