Luzhou Bank Co., Ltd. Class H (HK:1983) has released an update.
Luzhou Bank Co., Ltd. has successfully issued 2024 capital bonds worth RMB0.6 billion in the national inter-bank bond market with a 2.8% coupon rate for the first five years. This move aims to replenish the bank’s tier-one capital, following regulatory approval from the People’s Bank of China. Investors in the financial markets may find this development significant as it reflects Luzhou Bank’s strategic efforts to strengthen its financial position.
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