IN BRIEF (Page 14)

SDB to raise capital

Shenzhen Development Bank Co, controlled by US buyout firm TPG Inc, plans to raise as much as 1.5 billion yuan by selling bonds next week to replenish capital eroded by bad-loan costs. The 15-year hybrid bond will be sold to institutional investors on the nation's interbank market, the Shenzhen-based company said in a statement yesterday. Haitong Securities Co and UBS Securities Co will be underwriters for the sale.

Chinalco bond float