Baoshang Bank announced recently that it would float overall 5 billion yuan worth of 3-year small and micro-sized enterprises (SME) financial bonds in interbank bond market on August 18.
This batch of financial bonds is the first one of its kind planned to be issued by the bank this year.
Dagong Global Credit Rating Co. affirmed the issuer's credit rating at AA+ and meanwhile assigned a rating of AA+ to this batch of bonds. The proceeds raised will be used to provide loans to the country's small- and micro-sized enterprises.
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