Brief: Guangzhou Rural Commercial Bank Receives Bond Issue Approvals

Guangzhou Rural Commercial Bank

01/02/2018 09:28

Feb 1 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd 
 1551.HK : 
    * GOT APPROVALS FROM GUANGDONG BUREAU OF CHINA BANKING 
REGULATORY 
COMMISSION & PEOPLE'S BANK OF CHINA FOR  BOND ISSUE 
    * WILL ISSUE TIER-TWO CAPITAL BONDS IN AGGREGATE PRINCIPAL 
AMOUNT 
OF UP TO RMB10 BILLION 
    * NET PROCEEDS FROM BONDS ISSUANCE TO BE USED TO REPLENISH 
BANK'S 
CAPITAL BASE 
 
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