Bank of Communications: approved to issue tier 2 capital bonds of no more than 60 billion yuan
The Bank of communications announced that recently, the company received the reply of the China Banking and Insurance Regulatory Commission on the issuance of tier 2 capital bonds by the Bank of communications and the decision of the people's Bank of China on approving administrative license, and agreed that the company would publicly issue tier 2 capital bonds of no more than 60 billion yuan in the national inter-bank bond market.
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