BEIJING, July 11 (Xinhua) -- The Huaxia bank plans to issue a financial bond of 15 billion yuan and a subordinate bond worth 2 billion yuan (250 million U.S. dollars), according to its notice publicized on Tuesday.

    The Huaxia Bank is a domestic share-holding commercial bank listed on the Shanghai Stock Exchange, one of China's two stock exchanges.

    The term of the financial bond is no longer than five years. The term of the subordinate debt with fixed interest rate is ten years, and the Huaxia bank has the option to repurchase the subordinate bond after five years.

    By the end of 2005, the total assets of the Huaxia Bank were worth 356.13 billion yuan, up 17.02 percent, with outstanding deposits and loans rising 15.93 percent and 29.03 percent, according to its annual report.

    The capital adequacy ratio and non-performing loan rate of the Huaxia Bank was 8.23 percent and 3.04 percent, better than the average level of Chinese banks. Enditem