Bank of Communications Co ( (HK:3328) ) just unveiled an update.

Bank of Communications Co., Ltd. has completed the issuance of its 2026 Tier 2 Capital Bonds (Series 2) via the China Interbank Bond Market under the Bond Connect scheme, strengthening its access to onshore and cross-border investors. The ten-year fixed-rate bonds total RMB40 billion, carry a 1.89% coupon, and include a conditional issuer redemption option at the end of the fifth year, underscoring the bank’s ongoing capital management strategy.

Proceeds from the bond issuance, after deducting issuance expenses, will be used to supplement the bank’s Tier 2 capital, subject to regulatory approval and in line with applicable laws. This capital raising is expected to bolster the bank’s regulatory capital buffer, potentially supporting future asset growth, enhancing loss-absorbing capacity, and reinforcing its position in a competitive Chinese banking sector and evolving regulatory environment.

The most recent analyst rating on (HK:3328) stock is a Buy
with a HK$7.75 price target.
To see the full list of analyst forecasts on Bank of Communications Co stock,
see the HK:3328 Stock Forecast page.