Postal Savings Bank of China (HKG:1658, SHA:601658) issued Tier 2 capital bonds worth 40 billion yuan, according to Shanghai bourse filing on Friday.
The fixed-rate bond has a 1.92% coupon rate and a ten-year maturity period. The lender has the option to redeem the bond at the end of its fifth year.
The lender's Hong Kong shares rose 2% 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