China Banking Corporation (China Bank, PSE stock symbol: CHIB) closed on October 5, 2020 its fixed rate bond offering, ahead of the original October 14 schedule, due to what it describes as overwhelming demand. The two-year bonds which carry a fixed rate of 2.75% per annum were offered to the public starting September 28, 2020 in denominations of P100,000 and increments of P50,000 thereafter. Within a few days, the orders already exceeded the issue size of P15 billion. “We are grateful for the strong investor support for our second peso bond issuance,” said China Bank President William C. Whang. “The…
Author: Aiko Akihiro
Aiko Akihiro
Akihiro Aiko currently works as a professional journalist in Japan and regularly contributes news to our website. She specializes in economic and insurance news.
Dongfeng Yueda Kia Motors Co. (DYK) is welcoming the start of a new era for the brand with the Chinese-market debut of the new Kia K5 and Kia Carnival at Auto China 2020 in Beijing. Kia’s presence at the show highlights the wealth of research and development that has gone into the brand’s products, which aim to attract a young, trend-setting audience. This is matched by a highly experiential Auto China exhibition, allowing visitors to interact and engage with Kia’s latest vehicles and technologies. “At Auto China 2020 we are revealing more about our mid- to long-term strategic vision, and…