IN BRIEF (Page 14)
China Daily | Updated: 2008-12-24 08:05
Industrial Bank bonds
Industrial Bank, a mid-sized Chinese lender, plans to offer up to 18 billion yuan of subordinated bonds in the interbank market to boost its capital.
The term of the bonds will be up to 15 years, but the details are yet to be determined. The issuance requires approval from shareholders, the bank said in a statement to the Shanghai Stock Exchange.
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