China Minsheng Banking Corp., Ltd. (01988) completed the issuance of 30 billion yuan of perpetual capital bonds.
China Minsheng Bank (01988) announced that it has successfully issued the "China Minsheng Bank Co., Ltd. 2026 Perpetual Capital Bonds (Series 1)" in the national interbank bond market. The bonds were bookbuilt on May 11, 2026 and completed issuance on May 13, 2026. The issuance size is RMB 30 billion, with a stepped coupon rate adjustment mechanism. The coupon rate will be adjusted every 5 years, starting at 2.12% for the first 5 years, with the issuer having the conditional redemption right on each interest payment date after the 5th year.
China Minsheng Banking Corp., Ltd. (01988) announced that it has successfully issued the "China Minsheng Banking Corp., Ltd. 2026 Unlimited Perpetual Capital Bonds (First Tranche)" on the national interbank bond market. The bonds were book-built on May 11, 2026, and completed issuance on May 13, 2026. The issuance size is RMB 30 billion, with a staggered adjustment of the face interest rate. The face interest rate will be adjusted every 5 years, with 2.12% for the first 5 years. The issuer has the conditional redemption right on each interest payment date after the 5th year.
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