trending Market Intelligence /marketintelligence/en/news-insights/trending/-Brb-y-7kXiERoJaoaxjQg2 content esgSubNav
In This List

Guangzhou Rural Commercial Bank raises 10B yuan via debt issue

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Guangzhou Rural Commercial Bank raises 10B yuan via debt issue

Guangzhou Rural Commercial Bank Co. Ltd. raised 10 billion yuan through the issuance of Tier 2 capital bonds.

The 10-year fixed-rate bonds have a coupon rate of 4.9% and are conditionally redeemable.

The proceeds from the issuance will be used to replenish the bank's capital base, according to a March 23 release.

As of March 23, US$1 was equivalent to 6.31 Chinese yuan.