trending Market Intelligence /marketintelligence/en/news-insights/trending/ZD-TDdZm5co40dh4k-qARg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Bank of Zhengzhou to raise up to 10B yuan via bonds

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Bank of Zhengzhou to raise up to 10B yuan via bonds

Bank of Zhengzhou Co. Ltd. plans to issue up to 10 billion yuan of capital bonds.

The capital bonds will have an initial term of not less than five years, according to an April 30 disclosure. The bank will issue capital bonds without a fixed term or Tier 2 capital bonds.

The bank plans to use the proceeds from the issuance to replenish its Tier 1 capital or Tier 2 capital to improve operation capacity, enhance risk resistance and support the development of its various businesses.

As pf April 30, US$1 was equivalent to 6.74 yuan.