Weihai Bank announced that it will fully redeem the 3 billion yuan “19 Weihai Commercial Bank Perpetual Bond” issued in 2019 on December 2. The interest rate for this interest-bearing bond is 5.4%. The bank issued 2.9 billion yuan of unfixed capital bonds on November 20 to deal with this redemption, and has obtained approval from the Shandong Regulatory Bureau of the State Financial Supervisory Authority to issue no more than 8 billion yuan of capital replenishment instruments within the next two years.

Weihai Bank announced that it will fully redeem the 3 billion yuan “19 Weihai Commercial Bank Perpetual Bond” issued in 2019 on December 2. The interest rate for this interest-bearing bond is 5.4%. The bank issued 2.9 billion yuan of unfixed capital bonds on November 20 to deal with this redemption, and has obtained approval from the Shandong Regulatory Bureau of the State Financial Supervisory Authority to issue no more than 8 billion yuan of capital replenishment instruments within the next two years.