Zhongyuan Bank considers up to RMB 30 billion undated capital bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 5 – China’s Zhongyuan Bank Co., Ltd. will consider issuing up to RMB 30 billion of undated capital bonds, according to a notice.

The bond issuance will be considered by shareholders at an extraordinary general meeting on Aug. 25.

The write-down undated capital bonds would be used to replenish additional tier 1 capital. The issuance can take place in installments depending on the capital needs, market conditions and regulatory requirements.

The commercial bank is based in Zhengzhou, China.

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