Weihai City Commercial Bank Co., Ltd. Class H (HK:9677) has released an update.
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Weihai City Commercial Bank has successfully issued RMB2.9 billion worth of perpetual capital bonds in the national inter-bank bond market, featuring a 2.90% coupon rate for the first five years. This strategic move is aimed at bolstering the bank’s tier-one capital, showcasing its financial stability and growth prospects.
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