Feb 24 - Special Financial Bonds for Small Micro Enterprise Attract Less Interest Than Expected

Source: Caixin, ChinaScope Financial (Data)

+       Shanghai Pudong Development Bank Co., Ltd. will issue a maximum of CNY 30 billion special financial bonds on the interbank bond market on February 24. The bonds will have a five-year term and a fixed rate. Pudong Development Bank announced that all raised funds will be used to support its loans to small business.

+       The market’s reaction to such kind of bonds is rather moderate in comparison to the special financial bonds issued for small micro enterprises by large commercial banks. This type of financial bond is in essence an ordinary bank’s financial bond, but it has slightly lower yield and it is less liquid.

 Summary of loans and financial bonds for small- and micro-sized enterprises

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