CCC

Nanyang Commercial Bank, Limited. 6.0% 06-AUG-2034

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CHIN5891461 analysis



Key facts


Issuer
Nanyang Commercial Bank Ltd.
Issue date
Aug 6, 2024
Maturity date
Aug 6, 2034
Outstanding amount
‪700.00 M‬USD
Face value
1,000.00USD
Minimum denomination
250,000.00USD
Coupon
6.00% (Variable)
Yield to maturity
5.86%
Nanyang Commercial Bank, Limited (''NCB''), incorporated in Hong Kong on 14 December 1949. The Bank has cherished the spirit of ''Customer-Oriented and Courteous Service'' and upheld the principle of ''Reputation First and Service-Driven''. While establishing a strong foothold in Hong Kong with the backing up of the Motherland, the Bank has taken on the mission to look globally and serve customers around the world. The Bank has provided its customers with convenient, efficient and professional banking services through diversified channels. Presently, the Bank has 42 local branches. The Bank has also established a wholly owned subsidiary, Nanyang Commercial Bank (China), Limited, in Mainland, offering comprehensive banking services. Customers may withdraw, deposit and transfer funds via phone banking and Internet banking, as well as any branches of the Bank. In addition, customers can also enjoy convenient banking services through JETCO automatic teller machines with the withdrawal cards issued by the Bank. In 1982, NCB set up a branch in the Shenzhen Special Economic Zone, which is the first foreign bank branch in the Mainland China after the foundation of People's Republic of China. On 24th December 2007, Nanyang Commercial Bank(China), Limited (''NCB(China)'') was commenced to further expand the Bank's development in the Mainland. Headquartered in Shanghai, NCB(China) provides professional and quality products and services to customers with its network spanning Beijing, Shanghai, Guangzhou, Shenzhen, Haikou, Dalian.
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