Published on 8/29/2016 in the Prospect News Emerging Markets Daily.
New Issue: China’s Shengjing sells RMB 7 billion 3%, 3.1% three-, five-year bonds
By Marisa Wong
Morgantown, W.Va., Aug. 29 – Shengjing Bank Co., Ltd. said it issued RMB 7 billion of bonds to investors in China’s interbank bond market on Friday.
The issuance consists of 3% three-year bonds and 3.1% five-year bonds.
Proceeds will be used for loans to small and miniature enterprises.
The commercial bank is based in Shenyang, China.
| Issuer: | Shengjing Bank Co., Ltd.
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| Issue: | Bonds
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| Amount: | RMB 7 billion
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| Maturity: | Three, five years
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| Coupon: | 3% (three-year bonds), 3.1% (five-year bonds)
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| Settlement date: | Aug. 26
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