Bank of Zhengzhou Wins Approval for Multi-Billion Bond Issuance Programme

Bank of Zhengzhou Co., Ltd. Class H ( (HK:6196) ) has provided an update.

Bank of Zhengzhou has secured regulatory approval from the People’s Bank of China to issue capital supplementary bonds in both the national inter-bank market and overseas markets, with the licence effective until 30 June 2027. The outstanding balance of newly issued capital supplementary bonds may not exceed RMB6 billion, and the total outstanding balance is capped at RMB16 billion, with issuances allowed in tranches.

The bank has also received approval to issue ordinary financial bonds, including those earmarked for specific purposes, in domestic inter-bank and overseas markets within the same effective period. Newly issued ordinary financial bonds are limited to an outstanding balance of RMB20 billion, with an aggregate cap of RMB27 billion, and the bank pledges to comply with bond issuance and disclosure rules, underscoring efforts to strengthen its capital base and funding flexibility.