Banking News
- Industrial Bank plans record bond sale
Date: 21-Aug-2007 Sources: (Shenzhen Daily)
INDUSTRIAL Bank Co., China's best-performing banking stock, said it plans to raise as much as 50 billion yuan (US$6.5 billion) in the nation's biggest bond sale to boost capital and finance loan growth.
The lender will sell the 10-year debt on China's interbank bond market to institutional investors, Industrial Bank said in a statement to the Shanghai Stock Exchange yesterday. The terms and time frame of the sale will be decided before Dec. 31 and are subject to regulatory approval.
Sponsor Results:
