--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

BOC to Offer 10-15 Billion Yuan in Subordinated Bonds

The Bank of China plans to sell 10 to 15 billion yuan, or US$1.2 to1.8 billion in subordinated bonds next month as part of its reform efforts.

 

It will make it the first of China's four state-owned commercial banks to issue such debt.

 

The bank also has the option to issue up to 50 percent more subordinated debt, implying that a total of 90 billion yuan or US$11 billion could be sold eventually.

 

Earlier media reports said the China Construction Bank was considering issuing subordinated bonds in the second half of this year.

 

The two lenders have both been approved to go ahead with subordinated bond issues. 

 

(CRI.com June 30, 2004)

 

 

Green Light to Issue Bonds
Bank to Improve Capital Adequacy
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688