Bank of Beijing Raises 30 Billion Yuan Via Bond Issue
Bank of Beijing (SHA:601169) raised 30 billion yuan via the issue of the second tranche of its 2026 undated capital bonds.Proceeds will be used to replenish the additional Tier 1 capital, according to a weekend filing with the Shanghai bourse.The bonds have a coupon rate of 1.88% for the first five years, adjusted every five years.