trending Market Intelligence /marketintelligence/en/news-insights/trending/KxWU9WNhqMNJumu13LeR2g2 content esgSubNav
In This List

Bank of Communications issues 40B yuan of bonds

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Bank of Communications issues 40B yuan of bonds

China's Bank of Communications Co. Ltd. on Sept. 20 issued 40 billion yuan of capital bonds.

The bank said the bonds bear a coupon rate of 4.20%.

The bank plans to use proceeds from the issue to supplement its other Tier 1 capital and to support the steady development of its business.

As of Sept. 20, US$1 was equivalent to 7.09 Chinese yuan.