On September 22, the Henan Branch of Industrial and Commercial Bank of China will sell 2021 Henan Provincial Government General Bonds (11 issues) to individuals and corporate customers. Customers can subscribe through ICBC e-banking and business outlets in Henan Province. The sales time of e-banking channels and business outlets is from September 22 to September 24 from 10:00 to 16:30. Customers can choose the purchase method flexibly.
According to reports, the 2021 Henan Provincial Government General Bonds (11 tranches) are Henan’s first batch of local government bonds issued through the commercial bank counter market, which are 3-year fixed-rate interest-bearing bonds. The face value is 100 yuan, and the coupon rate will be determined on September 17 through the public bidding of the Henan Provincial Government Bond Public Issuance Underwriting Group in 2021 through the inter-bank and exchange market. The issue price is 100.00 yuan/hundred yuan face value, and the number of bonds subscribed by customers is 100 An integer multiple of the face value of the element. After the bond is listed on September 29, ICBC will continue to provide trading services through electronic banking channels and domestic business outlets.
It is understood that the over-the-counter debt of the local government in Henan Province is AAA-level government credit. It has the advantages of high security, good liquidity, low investment transaction starting point and exemption of interest income from income tax and value-added tax, which can better meet the low risk Preference for investment transaction needs of corporate clients and individual clients. The funds raised from the over-the-counter debt are mainly used for water conservancy facilities, transportation, municipal construction and other projects, which will help improve the flood storage and drainage capacity of water conservancy facilities in our province, accelerate the restoration of normal production and life order, and significantly improve disaster prevention and mitigation and response to extreme weather At the same time, investors can fulfill their social responsibilities to support the construction of their hometowns while obtaining investment returns, which can enhance investors’ participation and sense of gain in participating in Henan’s economic development. (Source: Dahe Finance Cube Contribution: Zhumadian ICBC)
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