Zhongyuan Bank Co., Ltd. Class H (HK:1216) has released an update.
Zhongyuan Bank Co., Ltd. has successfully issued RMB 8 billion worth of Tier 2 capital bonds in the national inter-bank bond market, with a term of 10 years and a fixed coupon rate of 2.35%. This strategic financial move, approved by Chinese regulatory authorities, aims to enhance the bank’s Tier 2 capital base. The landmark issuance is a significant step for the bank, reflecting its efforts to bolster its capital structure and future growth.
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