By William Gullotti
Buffalo, N.Y., April 26 – Chongqing Rural Commercial Bank Co. Ltd. issued RMB 2 billion 2.9% special financial bonds with a three-year tenor, according to a company announcement on Wednesday.
The fixed-rate bonds were issued in the Chinese interbank bond market.
Proceeds will be used to grant agro-related loans for enhancing the quality and efficiency of rural financial services, as well as supporting rural revitalization and development.
The bank is based in Chongqing, China.
| Issuer: | Chongqing Rural Commercial Bank Co. Ltd.
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| Amount: | RMB 2 billion
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| Issue: | Special financial bonds
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| Tenor: | Three years
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| Coupon: | 2.9%
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| Trade date: | April 24
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| Settlement date: | April 26
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