Bank of Communications (HKG:3328, SHA:601328) completed the issue of 50 billion yuan of fixed-rate bonds on Friday, according to a same-day filing with the Hong Kong bourse.
The bonds carry a coupon rate of 1.75% and will fall due in four years.
The lender will have a conditional redemption right at the end of the third year.
The bank will use proceeds to improve its total loss-absorbing capacity.