China Merchants Bank Completes RMB30.00 Billion Undated Additional Tier 1 Bond Issue at 2.05%

Bulletin Express

Apr 15

China Merchants Bank Co., Ltd. has finalized the issuance of its “2026 Undated Additional Tier 1 Capital Bonds (Series 1) (Bond Connect)” in the national inter-bank bond market, raising RMB30.00 billion.

Book-building took place on 10 April 2026, and settlement closed on 14 April 2026. The bonds carry a 2.05% coupon for the first five years, resetting every subsequent five-year period. Starting from the fifth year, the bank retains a conditional right to redeem the securities on each interest-payment date.

Proceeds are earmarked exclusively for replenishing the lender’s additional Tier 1 capital in line with regulatory approvals.

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The bonds carry a 2.05% coupon for the first five years, resetting every subsequent five-year period. Starting from the fifth year, the bank retains a conditional right to redeem the securities on each interest-payment date.</p>\n<p>Proceeds are earmarked exclusively for replenishing the lender’s additional Tier 1 capital in line with regulatory approvals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03968","symbol_name":"招商银行","start_time":0,"source_url":"","article_id":"1140029405","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140029405","pubTimestamp":1776249822,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China Merchants Bank Co., Ltd. has finalized the issuance of its “2026 Undated Additional Tier 1 Capital Bonds (Series 1) (Bond Connect)” in the national inter-bank bond market, raising RMB30.00...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03968":"招商银行"},"translate_title":"招商银行以2.05%完成300.0亿元无期限额外一级债券发行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03968":1},"content_text":"China Merchants Bank Co., Ltd. has finalized the issuance of its “2026 Undated Additional Tier 1 Capital Bonds (Series 1) (Bond Connect)” in the national inter-bank bond market, raising RMB30.00 billion.\nBook-building took place on 10 April 2026, and settlement closed on 14 April 2026. 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