Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 13 (Xinhua) — Industrial Bank Co., Ltd. of China said it successfully issued its first batch of science and technology innovation bonds on the interbank market on Tuesday, which are designed to support lending to science and technology innovation and related enterprises.
The bond issue volume was 10 billion yuan (US$1.39 billion), the maturity period was three years, and the nominal interest rate was 1.66 percent.
The bank’s bond issue comes days after the country’s regulators unveiled support measures aimed at stimulating the issuance of sci-tech innovation bonds. The People’s Bank of China (PBOC, the central bank) and the China Securities Regulatory Commission last week announced measures to support the issuance of sci-tech innovation bonds by financial institutions, sci-tech enterprises and financial asset investment companies. -0-