Gelonghui, November 27th | Bank of Communications (601328.SH) announced that, with the approval of the China Banking and Insurance Regulatory Commission and the People's Bank of China, the company recently issued the "Bank of Communications Co., Ltd. 2024 First Batch Total Loss Absorption Non-Capital Bonds (Bond Connect)" on the national interbank bond market (referred to as "this bond"), and was fully issued on November 27, 2024. The total issuance size of this bond is 30 billion yuan, a 4-year fixed-rate bond with a face value interest rate of 2.11%, and conditional issuer redemption rights at the end of the 3rd year.

The funds raised from this bond issue, after deducting issuance expenses, will be used to enhance the company's total loss absorption capacity in accordance with applicable laws and regulatory approvals.