On April 30, Ge Longhui | Minsheng Bank (600016.SH) announced that with the approval of the China Financial Supervisory Administration and the People's Bank of China, it successfully issued the “China Minsheng Bank Co., Ltd. 2024 First Tier 2 Capital Bonds” in the national interbank bond market, and completed the registration and custody of the bonds at Interbank Market Clearing House Co., Ltd.

The current bond was recorded on April 25, 2024, and the issuance was completed on April 29, 2024. The issuance scale is RMB 30 billion. The bonds are 10-year fixed-rate bonds with conditional issuer redemption rights at the end of the 5th year, with a coupon interest rate of 2.50%. The funds raised by the current bond will be used to supplement the Bank's second-tier capital and increase the capital adequacy ratio in accordance with applicable laws and regulatory approval.