Weihai City Bank approved for up to RMB 5 billion bonds

By William Gullotti

Buffalo, N.Y., Dec. 8 – Weihai City Commercial Bank Co., Ltd. received approval to issue up to RMB 5 billion of financial bonds, according to an announcement on Thursday.

Proceeds from the public offering on China’s interbank bond market will be used for the issuance of loans specialized for small and micro enterprises.

The issuer is a commercial bank based in Weihai, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.