Shengjing Bank Issues 6 Billion Yuan Tier-II Bonds

MT Newswires Live

2024/09/06

Shengjing Bank (HKG:2066) issued 6.0 billion yuan ten-year fixed-rate bonds, according to a Friday filing with the Hong Kong bourse.

The bonds with a 2.85% coupon rate come with a conditional issuer's redemption right at the end of the fifth year.

The proceeds from the Bonds will be used to replenish the Bank's tier two capital.

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