Published on 5/23/2018 in the Prospect News Emerging Markets Daily.
New Issue: China’s Zhongyuan Bank sells RMB 1.5 billion 4.79% three-year bonds
By Marisa Wong
Morgantown, W.Va., May 23 – Zhongyuan Bank Co., Ltd. announced it issued on Wednesday RMB 1.5 billion of three-year financial bonds at par to yield 4.79%.
The company said it will use all of the proceeds for lending to innovation and entrepreneurship projects in Henan province.
The commercial bank is based in Zhengzhou, China.
| Issuer: | Zhongyuan Bank Co., Ltd.
|
| Issue: | Financial bonds
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Three years
|
| Coupon: | 4.79%
|
| Price: | Par
|
| Yield: | 4.79%
|
| Settlement date: | May 23
|
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