By Marisa Wong
Morgantown, W.Va., Sept. 26 – Zhongyuan Bank Co., Ltd. announced it issued RMB 10 billion of tier 2 capital bonds on Wednesday.
The 10-year bonds have a coupon of 5.2% and are callable at the end of the fifth year.
Proceeds will be used to replenish the bank’s tier 2 capital.
The commercial bank is based in Zhengzhou, China.
| Issuer: | Zhongyuan Bank Co., Ltd.
|
| Issue: | Tier 2 capital bonds
|
| Amount: | RMB 10 billion
|
| Maturity: | 10 years
|
| Coupon: | 5.2%
|
| Call option: | At end of fifth year
|
| Settlement date: | Sept. 26
|
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