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Huishang Bank Corp Ltd announces proposed issue of financial bonds


Tuesday, 21 Jan 2014 06:28am EST 

Huishang Bank Corp Ltd:Says it will offer to members of the China national inter-bank bond market financial bonds used for loans for agricultural businesses in an aggregate principal amount of 6 bln Yuan to 8 bln Yuan (the Bonds).Says the bonds will not be listed on the Stock Exchange of Hong Kong Limited (the Stock Exchange).Says the bonds will have a term of maturity of not less than three years.Says interest rates of the bonds shall be determined with reference to market interest rates and the method of issue.Says the proceeds will be used to increase, ensure and accelerate the sustained growth of the loan business of the Bank for agricultural businesses, and further increase the Bank's profile and influence in this area.