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Zhongyuan Bank Shareholders to Vote June 27 on Proposed Sale of Special Financial Bonds

MT Newswires ·  {{timeTz}}

03:28 AM EDT, 06/08/2022 (MT Newswires) -- Shareholders of Zhongyuan Bank (HKG:1216) will meet on June 27 to vote on the company's proposed issuance of three series of special financial bonds totaling 15 billion yuan ($2.2 billion).

The lender will use proceeds from the first series to grant agriculture-related loans and channel the funds raised from the second series to support green projects.

Returns from the third series will cater to micro and small enterprises, according to a late Tuesday disclosure.

The issuance size and maturity for each series are no more than 5 billion yuan and three years, respectively.

Price (HKD): $0.85, Change: $-0.02, Percent Change: -2.30%

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