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China's Chongqing Rural plans to offer up to RMB 5 billion of bonds
By Marisa Wong
Madison, Wis., March 22 - Chongqing Rural Commercial Bank Co., Ltd. said it plans to issue up to RMB 5 billion of subordinated bonds to the interbank bond market in China.
Proceeds will be used to replenish the Chongqing, China-based bank's tier 2 capital.
The proposed issue is subject to shareholders' approval at an upcoming general meeting.
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