Weihai City Commercial Bank Co., Ltd. Class H (HK:9677) has released an update.
Weihai City Commercial Bank Co., Ltd. has completed a significant RMB 4 billion financial bond issuance targeted at providing loans to small and micro enterprises. These three-year fixed-rate bonds carry an annual coupon rate of 2.1%. The funds, net of issuance costs, will be channelled to support the financing needs of small and micro businesses, bolstering their economic activities.
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