Bank of Chongqing permitted to issue RMB 5 billion capital bonds

By William Gullotti

Buffalo, N.Y., March 16 – Bank of Chongqing Co., Ltd. announced it has been granted administrative permission to issue up to RMB 5 billion tier 2 capital bonds in the national inter-bank bond market, according to a notice on Wednesday.

The approval is valid from March 11 to March 10, 2024 and permits the bank to issue the bonds in tranches, provided that the balance of bonds in issue does not exceed 10% of the bank’s latest audited total assets.

The financial services company is based in Chongqing municipality in Sichuan Province, China.

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