Weihai City Bank has approval to issue tier 2 capital bonds

Chicago, July 21 – Weihai City Commercial Bank Co., Ltd. has approval to issue up to RMB 2.7 billion of tier 2 capital bonds, according to an announcement.

Approval was obtained from CBIRC Shandong Office.

The bonds will be sold in the national interbank bond market.

Proceeds will be used to supplement the tier 2 capital of the bank.

The issuer is a commercial bank based in Weihai, China.

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