By Marisa Wong
Morgantown, W.Va., Dec. 21 – China’s Bank of Zhengzhou Co., Ltd. announced it issued RMB 3 billion of 4.1% tier II capital bonds on Monday.
The 10-year bonds are callable at the end of the fifth year.
Proceeds will be used to increase the bank’s tier II capital.
The bank is based in Zhengzhou, China.
| Issuer: | Bank of Zhengzhou Co., Ltd.
|
| Issue: | Tier II capital bonds
|
| Amount: | RMB 3 billion
|
| Maturity: | 10 years
|
| Coupon: | 4.1%
|
| Call option: | At the end of the fifth year
|
| Settlement date: | Dec. 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
