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Weihai City Bank has approval to issue up to RMB 1.1 billion of bonds
Chicago, Nov. 12 – Weihai City Commercial Bank Co., Ltd. has approval to issue up to RMB 1.1 billion of tier 1 capital with no maturity date, according to an announcement.
The bank will proceed with the issuance of the financial bonds in accordance with the requirements under relevant laws and regulations.
The issuer is a commercial bank based in Weihai, China.
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