Jiangsu Zhangjiagang Bank issues RMB 500m tech innovation bonds

Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd. has successfully issued its "2025 First Tranche Technology Innovation Bonds" on the national interbank bond market, following approval from the People's Bank of China. The total issuance amounted to RMB 500 million.

These newly issued bonds are 5-year fixed-rate bonds, carrying a coupon rate of 1.90%. The proceeds from this issuance will be deposited into the bank's accounts.

In accordance with applicable laws and regulatory requirements, the funds are earmarked for providing loans to technology innovation enterprises, thereby offering financial services to the sector.