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Industrial Bank Smoothly Offered the Second Issue of Domestic Preferred Shares Worth RMB 13 Billion

On the evening of June 30, Industrial Bank (IB) announced the smooth offering of the second issue of domestic preferred shares worth RMB 13 billion. The credit rating of this issue of domestic preferred shares offered by IB is AA+. Through market-based inquiry, the of this issue of domestic preferred shares in the first interest period was decided as 5.4%. The face dividend yield would be adjusted each five years and the basic interest spread was 2.15%. In the end, the shares were successfully distributed among a total of 12 investors. Up to then, IB has smoothly finished the offering of domestic preferred shares worth RMB 26 billion approved in November 2014.

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