FilingReader Intelligence
Bank of Ningbo raises $420m for tech innovation
July 10, 2025 at 05:14 PM UTC•By FilingReader AI
Bank of Ningbo has completed a 3 billion yuan ($420 million) bond issuance to fund technology innovation businesses. The Chinese bank's five-year fixed-rate bonds carry a 1.71% coupon rate and are specifically earmarked for supporting tech companies, marking a strategic focus on the innovation sector.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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