Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.
Bank of Tianjin Co., Ltd. is poised to bolster the real economy by planning a financial bond issuance of up to RMB 20 billion, subject to shareholder and regulatory approval. These bonds, varying from ordinary to special financial bonds for targeted sectors like agriculture and small enterprises, will have a maximum five-year duration and will be issued based on market conditions without guarantee. Proceeds will be allocated to the bank’s business development and specific regulatory-directed purposes.
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