Industrial Bank (SHA:601166) issued its second tranche of Tier-2 capital bonds for the year, which amounts to 40 billion yuan, according to a Shanghai bourse filing on Saturday.
The bond has a coupon rate of 1.88% and a term of 10 years, with a conditional redemption at the end of the fifth year.
Proceeds will be used to supplement the company's Tier-2 capital.
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