www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

CCB to issue 40b yuan subordinated bonds

By Lillian Liu (chinadaily.com.cn)
Updated: 2009-02-03 15:47

China Construction Bank (CCB), the country's largest property lender, said on Tuesday it has obtained the approval from the banking regulators to issue up to 40 billion yuan ($5.86 billion) in subordinated bonds to improve its capital adequacy ratio.

Related readings:  CCB says partnership with BoA unaffected  Construction Bank approved to set up London subsidiary  Central Huijin raises A-share holdings in CCB  CCB to ramp up lending to aid Chinese economy

It said in a statement that the China Banking Regulatory Commission and the People's Bank of China have approved the proposed bond issue, endorsed by shareholders last June.

"The bonds should be appeal to investors given the current deposit interest rate level," said Tony Tong, a banking analyst at China Everbright Research Ltd.

CCB said last month that a bond issue would help raise its capital adequacy ratio and replenish supplementary capital of the bank.