By Mary-Katherine Stinson
Lexington, Ky., July 11 – Chongqing Rural Commercial Bank Co. Ltd. issued RMB 5 billion 2.93% bonds with a three-year tenor on July 7, according to a company announcement.
The bonds were issued in the Chinese interbank bond market.
Proceeds will be used for working capital and to enhance operational capability and support the business development of the bank.
The bank is based in Chongqing, China.
| Issuer: | Chongqing Rural Commercial Bank Co. Ltd.
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| Amount: | RMB 5 billion
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| Issue: | Bonds
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| Tenor: | Three years
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| Coupon: | 2.93%
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| Trade date: | July 5
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| Settlement date: | July 7
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