Chongqing Rural Commercial Bank completes 1 bn yuan tech innovation bond issuance

Chongqing Rural Commercial Bank announced the successful completion of its 1 billion yuan technology innovation bond issuance. Approved by the People's Bank of China, these bonds were publicly offered in the national interbank bond market. The bookkeeping was completed on December 3, 2025, with the issuance finalized on December 5, 2025.

The bonds are a 5-year fixed-rate variety, carrying a coupon rate of 1.88%. The bank confirmed that the funds raised from this issuance will be allocated to the sci-tech innovation sector.

Specifically, the proceeds will support activities such as issuing technology loans and investing in bonds issued by technology innovation enterprises, demonstrating a targeted approach to bolstering the technology innovation domain.