New Issue: China’s Chongqing Rural sells RMB 3 billion 4˝% three-year bonds

By Marisa Wong

Morgantown, W.Va., May 9 – Chongqing Rural Commercial Bank Co., Ltd. said it issued RMB 3 billion of 4˝% three-year bonds through a bookbuilding on Tuesday.

Proceeds will be used to replenish the Chongqing, China-based bank’s working capital.

Issuer:	Chongqing Rural Commercial Bank Co., Ltd.
Issue:	Bonds
Amount:	RMB 3 billion
Maturity:	Three years
Coupon:	4˝
Settlement date:	May 8

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