Sichuan Deyang City Bank to Issue Subordinated Bonds

By staff reporter Zhang Man

(.com.cn) Deyang City Commercial Bank, a local bank in Sichuan province, said it will issue 150 million yuan worth of subordinated bonds from Aug. 14 -18 to supplement its Tier 2 capital and boost capital adequacy ratio.

The 10-year fixed-rate bonds will be callable after five years, the bank said in a statement to the official Chinabond website (www.Chinabond.com.cn) on Aug. 11.