Sep 17, 2018 (China Knowledge) - The People's Government of Zhejiang Province has issued RMB 7.6 billion 7-year Muni (issue code: 1805242.IB) on the interbank market, with a coupon rate of 4.04%.
This is a fixed-rate bond that pays a fixed amount of interest for its entire term. There is no guarantor for the issuance of the bond. The corporation said in a statement that the bonds were issued at face value.
The issue date and listing date are Sep 12 and Sep 17 respectively, and the maturity date is on Sep 13, 2025.
Bank of Communications Co., Ltd. has been mandated as lead underwriter and bookrunner.
The annual coupons of Muni are scheduled to commence on Sep 13.
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