Bank of Guizhou approved to issue up to RMB 3.5 billion capital bonds

By William Gullotti

Buffalo, N.Y., June 15 – Bank of Guizhou Co., Ltd. received regulatory approval to issue up to RMB 3.5 billion of capital bonds without a fixed term, according to an announcement on Wednesday.

The bank said it recently received approval of the issue from the China Banking and Insurance Regulatory Commission.

After completion of the issuance, the bonds will be traded in the domestic inter-bank bond market.

The commercial bank is headquartered in Guiyang, China.

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