New Issue: Zhongyuan Bank issues RMB 2 billion 3.48% special financial three-year bonds

By William Gullotti

Buffalo, N.Y., June 28 – China’s Zhongyuan Bank Co., Ltd. issued RMB 2 billion of 3.48% three-year bonds at par, according to a notice.

The bank will use the proceeds to grant credit loans to support small and micro enterprises and has authorization to issue an additional RMB 2 billion.

The commercial bank is based in Zhengzhou, China.

Issuer:	Zhongyuan Bank Co., Ltd.
Issue:	Bonds
Amount:	RMB 2 billion
Tenor:	Three years
Coupon:	3.48%
Price:	Par
Issue date:	June 28

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