Banking News
- Bank of Beijing to sell bonds
Date: 7-Dec-2007 Sources: (Shenzhen Daily)
BANK of Beijing Co., China's largest city lender by assets, said Thursday it plans to issue 10 billion yuan (US$1.4 billion) worth of bonds to reduce its financing costs
The Shanghai-listed bank said the bonds will have a maturity of five to 10 years. Shareholders and board of directors have approved the bond issue. The bond issue comes after the bank raised 15 billion yuan by selling 1.2 billion new A shares in September.
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