New Issue: China’s Chongqing Rural sells RMB 5 billion 5.6% 10-year bonds

By Wendy Van Sickle

Columbus, Ohio, June 14 – Chongqing Rural Commercial Bank Co., Ltd. said it issued RMB 5 billion of 5.6% 10-year bonds through a bookbuilding on Thursday.

Proceeds will be used to replenish the Chongqing, China-based bank’s tier 2 capital.

Issuer:	Chongqing Rural Commercial Bank Co., Ltd.
Issue:	Bonds
Amount:	RMB 5 billion
Maturity:	10 years
Coupon:	5.6%
Call option:	Conditionally redeemable after five years
Settlement date:	June 13

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