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Guangzhou Rural Commercial Bank Co. Ltd. Class H ( (HK:1551) ) has issued an update.
Guangzhou Rural Commercial Bank Co., Ltd. has announced plans to issue financial bonds to optimize its asset and liability maturity structure and increase stable medium-and long-term liabilities. The proposed issuance will not exceed RMB40 billion, with an annual cap of RMB15 billion, targeting institutional investors in the national interbank bond market. The proceeds will be used to support the bank’s medium-and long-term asset business, with the board seeking authorization to manage the issuance process and related matters.
More about Guangzhou Rural Commercial Bank Co. Ltd. Class H
Guangzhou Rural Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the financial services industry. The bank focuses on providing a range of banking services, including the issuance of financial bonds, to optimize asset and liability management and support medium-and long-term asset business development.
Technical Sentiment Signal: Buy
Current Market Cap: €2.76B
For detailed information about 1551 stock, go to TipRanks’ Stock Analysis page.
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