Zhongyuan Bank Co., Ltd. Class H (HK:1216) has released an update.
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Zhongyuan Bank Co., Ltd. has successfully issued RMB 5.0 billion worth of special financial bonds dedicated to providing loans for small and micro enterprises. The bonds, which will mature in three years, carry a 2.1% fixed interest rate. Proceeds from the bond issuance will be entirely used to support the targeted businesses, underlining the bank’s commitment to bolstering the small and micro enterprise sector.
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