BEIJING, May 7 (Xinhua) – Industrial Bank raised 30 billion yuan through the domestic interbank bond market in a bid to provide loans to the country's epidemic-hit small- and micro-sized enterprises, the Xinhua-run China Securities Journal reported on Wednesday.
The bank issued on Wednesday 23 billion yuan of 3-year financial bonds and 7 billion yuan of 5-year ones, with coupon rates of 2.17 percent and 2.67 percent, respectively.
By the end of 2019, the lender has boasted overall 81,700 clients with small business loans, with the balance of loans amounting to 634.867 billion yuan.
So far, the bank has granted a line of credit worth over 8 billion yuan for 426 small and medium-sized enterprises amid the battle against the COVID-19 outbreak.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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