Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Company

Postal Savings Bank of China issues 80 bln yuan of non-fixed term capital bonds

March 18, 2020


Abstract : The Postal Savings Bank of China (PSBC), one of China's largest state-owned banks, on Tuesday announced it had issued 80 billion yuan (about 11.43 billion U.S. dollars) of non-fixed term capital bonds with a coupon rate of 3.69 percent.

BEIJING, March 17 (Xinhua) -- The Postal Savings Bank of China (PSBC), one of China's largest state-owned banks, on Tuesday announced it had issued 80 billion yuan (about 11.43 billion U.S. dollars) of non-fixed term capital bonds with a coupon rate of 3.69 percent.

This is another major move by the lender since its A-share listing in 2019, and it is also the first non-fixed term capital bond issued by a large state-owned bank this year, the China Securities Journal reported.

Established in 2007, the PSBC got listed in Shanghai in December 2019 and Hong Kong in September 2016. It is now one of the six leading state-owned banks in China, which are all listed both on the A-share and H-share markets.

With approximately 40,000 outlets and services covering near 600 million individual customers, the lender focuses on providing financial services to agriculture, farmers and villages, urban and rural residents, and small and medium-sized enterprises.

Scan the QR code and push it to your mobile phone

Keyword: bonds Postal Savings Bank of China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial