China Construction Bank (HKG:0939, SHA:601939) completed the issue of 35 billion yuan of tier-2 capital bonds in the National Interbank Bond Market on Monday, a Tuesday bourse filing stated.
The bonds carry a 1.96% coupon rate and will fall due in 10 years. The issue has a conditional redemption right at the end of the fifth year.
The lender will use proceeds from the issue to replenish its tier-2 capital.
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