Industrial Bank Issues Special Financial Bonds for SME Loans Worth 20 Billion Yuan

MT Newswires Live08-03

Industrial Bank (SHA:601166) issued 20 billion yuan in special financial bonds for loans to small and micro enterprises, the bank's first such bonds for the year, according to a Saturday filing on the Shanghai bourse.

The lender's shares rose 1% during Monday's morning trade.

The bonds have a coupon rate of 1.55% and a term of three years.

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