BOCOM International (HKG:3329) has completed the pricing of two tranches of subordinated perpetual securities totaling 1.10 billion yuan and $134 million, according to a Wednesday filing with the Hong Kong Stock Exchange.
The securities carry initial distribution rates of 2.5% for the first three years, while the U.S. dollar tranche was priced at an initial rate of 5.5% over the same period.
Proceeds will be used to repay existing liabilities or fund additional asset deployment.
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