Bank Of Chongqing Co.Ltd(601963) april 11 announced that the company's convertible bonds with a total amount of 13 billion yuan will be listed and traded on the Shanghai Stock Exchange from April 14. The bonds are referred to as "heavy bank convertible bonds" for short and the bond code is "113056". It is reported that the duration of the convertible bond is from March 23, 2022 to March 22, 2028, and the starting date of the conversion is September 29, 2022. The coupon rates from the first year to the sixth year are 0.20%, 0.40%, 1.00%, 1.70%, 2.50% and 3.50% respectively China Merchants Securities Co.Ltd(600999) serves as the lead lead underwriter of the convertible bond. The members of the joint lead underwriters include China Securities Co.Ltd(601066) securities, Citic Securities Company Limited(600030) and Huatai United Securities.
It is understood that Bank Of Chongqing Co.Ltd(601963) since its establishment, it has actively grasped the historical opportunities brought by the social and economic development of Chongqing and the western region, with the help of the good environment provided by the regional social and economic development, actively enterprising, scientific management and steady operation, and gradually explored a differentiated development path with its own characteristics. It has become a specialized urban commercial bank focusing on regions, distinctive characteristics and outstanding advantages.
In November 2013, the bank was successfully listed on the main board of the stock exchange, becoming the first mainland urban commercial bank to land on H shares, and was selected into the "leader" plan of urban commercial banks of the CBRC in 2015. On February 5, 2021, it successfully landed on the main board of Shanghai Stock Exchange and became the first "a + H" listed city commercial bank in the West. Financial data show that from 2019 to 2021, the bank achieved net profits of 4.321 billion yuan, 4.566 billion yuan and 4.859 billion yuan respectively, and its operating performance maintained a steady growth trend; By the end of 2021, the total assets were 618954 billion yuan, an increase of 10.20% over the beginning of the year, ranking in the forefront of Western China. According to the credit rating report issued by united credit, the main credit rating of the bank is AAA, the credit rating of this convertible bond is AAA, and the rating outlook is "stable".
According to the announcement, in the placement of convertible bonds, the priority placement amount of the original A-share shareholders was about 9.563 billion yuan, accounting for 73.56% of the total issuance; Online investors paid 3.381 billion yuan, accounting for 26.00%; The sponsor and co lead underwriters underwritten 56.612 million yuan, accounting for only 0.44%. The funds raised from the issuance of convertible bonds will be used to support the healthy development of the bank's future businesses after deducting the issuance expenses. After the convertible bonds are converted into shares, they will be used to supplement the core tier 1 capital in accordance with relevant regulatory requirements.
