Huaxia Bank (600015.SH) announced on September 27th that, approved by the People's Bank of China's "Decision on Granting Administrative License" (Yin Xu Permit Decision [2024] No. 6) and the "Approval from the China Banking and Insurance Regulatory Commission on the Issuance of Capital Instruments by Huaxia Bank" (Jin Fu [2024] No. 334), the company recently issued the 2024 non-fixed-term capital bonds (second tranche) on the national interbank bond market (referred to as "this bond").
This bond was book-built on September 25, 2024, and was fully issued on September 27, 2024. The total issuance size of this bond is 20 billion yuan, with a fixed interest rate of 2.23% for the first 5 years, to be adjusted every 5 years, and conditional redemption rights for the issuer after the 5th year and on each subsequent interest payment date.
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.