Zhejiang Shaoxing Ruifeng Rural Commercial Bank Successfully Issues RMB 700 Million Green Financial Bonds

Deep News11-17

On November 17, Zhejiang Shaoxing Ruifeng Rural Commercial Bank announced that, with approval from the People's Bank of China (License No. [2025] No. 24), it has successfully issued "2025 Zhejiang Shaoxing Ruifeng Rural Commercial Bank Green Financial Bonds (Phase II)" (hereinafter referred to as "the Bonds") in the national interbank bond market. The bonds have been registered and deposited with the Shanghai Clearing House.

The Bonds were recorded on November 13, 2025, and fully issued in the national interbank bond market on November 17, 2025. The issuance size amounted to RMB 700 million, with a 3-year fixed interest rate of 1.89%.

Proceeds from the Bonds will be used in compliance with applicable laws and regulatory approvals to meet the bank's asset-liability allocation needs, strengthen funding sources, optimize liability maturity structures, and fully support green projects as defined in the "Green Finance Support Project Catalog (2025 Edition)."

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