(By Zhou Junsheng)

Shanghai Security News

 

Recently, Industrial Bank successfully issued RMB 5 billion five-year financial bonds and opened the issuance of financial bond by commercial bank in this year.

As the first financial bond issued publicly this year by commercial bank among financial institutions, the bond was very popular in the bond market. The total application volume hit RMB 9.29 billion and the over-subscription achieved 1.86 times. The final interest rate of bond is 2.98%, 0.62% higher than that of five-year time deposit.

In recent years, Industrial Bank actively followed the market trend of financing structure. Through ways such as forwardly expanding financing channel by issuing financial bond, the bank endeavored to erect the market financing mechanism of long-term and stable. So far, the bank has successfully issued RMB 15 billion financial bonds, which has supplied stable liability source for business operation, effectively improved the efficiency of assess-liability management and enhanced the operational advantage and undertaking ability of risk.

People in charge of the bank expressed that the successful issuance of RMB 5 billion financial bonds would ulteriorly promote the adjustment and optimization of bank's operational pattern, a pattern that directed by efficient allocation of capital, and boost the comprehensive operation strength.