Chicago, June 9 – Zhongyuan Bank Co., Ltd. issued RMB 2 billion of 2.9% three-year bonds in China’s domestic interbank bond market on June 9, according to a notice.
Proceeds raised will be used to grant credit loans and provide financial services for small and micro enterprises.
The bank had regulatory approval to issue up to RMB 4 billion of bonds for this purpose. The first RMB 2 billion of bonds were issued on June 28, 2021.
The commercial bank is based in Zhengzhou, China.
| Issuer: | Zhongyuan Bank Co., Ltd.
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| Amount: | RMB 2 billion
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| Issue: | Financial bonds
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| Tenor: | Three years
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| Coupon: | 2.9%
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| Price: | Par of RMB 100
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| Yield: | 2.9%
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| Settlement date: | June 9
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| Distribution: | China
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