Bank of Changsha issues CNY 5bn in financial bonds

Bank of Changsha (SSE:601577) announced the successful issuance of CNY 5 billion in financial bonds specifically designated for small and micro enterprise (SME) lending. Approved by the People's Bank of China, the bonds were book-built on April 16, 2025, and the issuance and payment were completed on April 18, 2025. The bonds have a fixed interest rate of 1.86% over a three-year term. The bank stated that the proceeds would be earmarked to increase lending support for SMEs, promoting their stable and healthy development.