Chongqing Rural Commercial Bank (HKG:3618, SHA:601077) completed the issue of 1 billion yuan of five-year bonds with a coupon rate of 1.88%, a Dec. 5 Hong Kong bourse filing said.
Shares of the lender were down over 3% in Monday afternoon trading.
The firm will use proceeds for the sci-tech innovation sector, including the issue of related loans, investments in bonds issued by sci-tech innovation enterprises, and providing support for business in the field.
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