Bank of Tianjin Issues RMB5 Billion Financial Bonds

Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.

Bank of Tianjin Co., Ltd. has successfully issued RMB5.0 billion worth of three-year fixed-rate financial bonds with a coupon rate of 1.78% on the National Inter-bank Bond Market. The proceeds from these bonds will be used to stabilize liability scales, optimize the liability structure, and invest in high-quality assets. This strategic move aims to bolster the bank’s financial stability and investment portfolio.

For further insights into HK:1578 stock, check out TipRanks’ Stock Analysis page.