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China Construction Bank (CCB) reportedly completed a RMB 40 billion perpetual Additional Tier 1 (AT1) bond issue on 22 September 2026. Separately, a news report put the bank’s stock at €1.08 in two distinct European-market observations: the Xetra close on 2 October and a Lang & Schwarz weekend quote at 11:18 a.m. CEST on 3 October 2026. The bond figures are reported terms, while the €1.08 price is a dated, venue-specific snapshot—not a universal current price.
What CCB’s reported RMB 40 billion bond issue means
AD HOC NEWS reported that CCB completed the issue in China’s national interbank bond market on 22 September 2026. HKEX’s disclosure index for CCB, listed under stock code 00939, separately shows a related announcement dated 23 September: “Announcement on the Completion of Issuance of the Domestic Undated Additional Tier 1 Capital Bonds (Second Tranche) (Bond Connect) in 2026.” The index corroborates a related completion filing, but its available listing does not state the RMB 40 billion amount. AD HOC NEWS is therefore the source for the amount and reported terms; the HKEX index confirms the related filing title and date, not its full contents.
An undated or perpetual AT1 bond is a bank capital instrument, not an ordinary share and not a conventional bond with a fixed maturity date. The report describes a coupon that resets on a schedule and a conditional issuer redemption right; those features mean its payment and duration profile should not be treated as equivalent to ordinary fixed-maturity debt. The complete filing would be needed to assess all conditions and risks.
What the reported bond terms say
AD HOC NEWS attributes the following terms to the issuer announcement. The complete primary filing was not available in the retrieved index excerpt, so these details should be read as the secondary report’s account rather than independently verified terms.
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| Reported feature | What the report says |
|---|---|
| Issue amount and completion | RMB 40 billion; completed 22 September 2026, according to AD HOC NEWS. |
| Initial coupon | 1.83% for the initial five-year period, according to AD HOC NEWS. |
| Coupon resets | The coupon resets every five years, according to AD HOC NEWS. |
| Redemption | The issuer has a conditional right to redeem beginning in year five on interest-payment dates, according to AD HOC NEWS. |
| Stated use of proceeds | To replenish the bank’s AT1 capital, subject to applicable laws and regulatory approval, according to AD HOC NEWS. |
These reported points do not establish the bond’s complete contractual terms, the likelihood of redemption, investor returns, or whether regulatory approval was obtained. CCB’s official investor-relations announcement index is an issuer disclosure channel, but the available material does not expose the full target announcement.
Why China Construction Bank stock is quoted at €1.08
€1.08 is not a single timeless price. AD HOC NEWS reported it in two separate contexts: as CCB stock’s Xetra closing price on 2 October 2026, and as a Lang & Schwarz weekend quote at 11:18 a.m. CEST on 3 October 2026. For the latter snapshot, the reported bid was €1.07 and the ask was €1.09. Those observations differ by venue and time, and quotes can move quickly. They should not be presented as a current or venue-neutral price. AD HOC NEWS is the source for both snapshots.
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Did the bond issue cause the €1.08 share price?
The available reporting does not establish that the bond issuance caused any movement in CCB’s share price. The issue terms and the two European quote observations are separate facts; timing alone does not demonstrate a price effect. Nor do the reported amount, coupon, or quote provide a basis for an investment recommendation.
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