China's Zhongyuan Bank Co. Ltd. raised 1.5 billion yuan in a bond issue in the national interbank bond market.
The three-year bonds carry a coupon rate of 4.79%, the bank said May 23.
The bank will use proceeds of the issuance to lend to innovation and entrepreneurship enterprises.
As of May 23, US$1 was equivalent to 6.39 Chinese yuan.
