By William Gullotti
Buffalo, N.Y., Aug. 24 – Bank of Zhengzhou Co., Ltd. issued RMB 5 billion of 3.16% three-year innovative and entrepreneurial financial bonds, according to a notice Tuesday.
The inter-bank bonds were priced Aug. 19 and settled Aug. 23, according to the notice.
Proceeds will be used exclusively in the credit extension in the innovation and entrepreneurship area.
The bank is based in Zhengzhou, China.
| Issuer: | Bank of Zhengzhou Co., Ltd.
|
| Issue: | Innovative and entrepreneurial financial bonds
|
| Amount: | RMB 5 billion
|
| Tenor: | Three years
|
| Coupon: | 3.16%
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 23
|
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