By William Gullotti
Buffalo, N.Y., Sept. 21 – Chongqing Rural Commercial Bank Co. Ltd. issued RMB 5 billion of 2.8% financial bonds with a three-year tenor, according to an announcement on Thursday.
The fixed-rate bonds were issued in the Chinese interbank bond market.
Proceeds will be used to enhance the bank’s operational capability and support sustainable business development.
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: | Financial bonds
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| Tenor: | Three years
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| Coupon: | 2.8%
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| Trade date: | Sept. 19
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| Settlement date: | Sept. 21
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