China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.
The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.
Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.
The bank's Hong Kong shares slipped 1% during the morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments