Industrial Bank Co.,Ltd. Issues RMB 100 mln 91-day Certificate Deposits

Strategic Insights -

Industrial Bank Co.,Ltd. has issued RMB 100 million in 91-day certificate deposits, with no guarantor, on the interbank market. The bonds were issued at face value and have a maturity date of July 28, 2021. The coupons for the certificate deposits are scheduled to commence on April 28, 2021. The issuer is a China-based commercial bank that offers a range of financial services, including loans for personal financing, manufacturing, real estate, and more.

Key Takeaways:

  • The Industrial Bank Co.,Ltd. issued RMB 100 million in 91-day certificate deposits on the interbank market.
  • The bonds were issued at face value and have a maturity date of July 28, 2021.
  • The coupons for the certificate deposits are scheduled to commence on April 28, 2021.
  • The issuer is a China-based commercial bank that offers a range of financial services.
  • The main business activities of the Bank include deposits taking, provision of loans, local and international payments and settlements, and more.
  • The Bank offers loans for personal financing, manufacturing, real estate, wholesale and retail, as well as leasing and business services.
  • The Bank's main business activities also include securities business, asset custody, inter-bank placements and borrowings, and trading or agency trading of foreign currencies.

Statistics:

  • RMB 100 million in 91-day certificate deposits were issued.
  • The bonds have a maturity date of July 28, 2021.
  • The coupons for the certificate deposits are scheduled to commence on April 28, 2021.
  • The face value of the bonds is RMB 100 million.
  • The main business activities of the Bank include a range of financial services, including deposits taking and provision of loans.

Sources:

  • China Knowledge, May 11, 2021 - Industrial Bank Co.,Ltd. issues RMB 100 mln 91-day certificate deposits on the interbank market.