Bank Of Suzhou Co.,Ltd. Successfully Issues 20 Billion Yuan Tech Innovation Bonds

Deep News09-15

On September 15, Bank Of Suzhou Co.,Ltd. announced that with approval from the People's Bank of China, the bank has successfully issued "Bank Of Suzhou Co.,Ltd. 2025 First Tranche Technology Innovation Bonds" (hereinafter referred to as "the bonds") in the national interbank bond market.

The bonds completed bookkeeping on September 10, 2025, and payment was completed on September 12, 2025. The issuance scale reached 20 billion yuan, structured as 5-year fixed-rate bonds with a coupon rate of 1.89%.

Bank Of Suzhou Co.,Ltd. stated that the proceeds from the bonds will be used in accordance with applicable laws and regulatory approvals for technology innovation sectors as specified in the "Overall Statistical System for Financial 'Five Major Articles' (Trial)", including extending technology loans and investing in bonds issued by technology innovation enterprises, specifically supporting business in the technology innovation field.

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