Bank of Qingdao Sells 4.5 Billion Yuan Bonds

MT Newswires Live09-17 20:57

Bank of Qingdao (HKG:3866, SHE:002948) completed the issue of 4.5 billion yuan of bonds on Thursday.

The three-year fixed-rate bonds carry a coupon rate of 1.59%, a Thursday bourse filing showed.

The lender plans to use proceeds for asset liability allocation, diversification of funding sources, optimization of debt maturity profiles, and stable business development.

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