Recently, Huaxia Bank initiated the issuance of 4.5 billion CNY in financial bonds, leveraging a blockchain-based book-building method. This model provides real-time recording for transparency, allowing investors immediate access to information.
The funds were exclusively collected through digital RMB, streamlining transactions by cutting out intermediaries. The initial target was 3 billion CNY, but due to strong investor interest, it expanded to 4.5 billion CNY, with a competitive coupon rate set at 1.84% for three years.
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