ICBC starts bond sale to boost capital

Note: This section contains information in English only.
Source: China.org.cn

The largest commercial bank of China, the ICBC has started two-day bond sale worth 50 billion yuan to increase its capital. The sale comprises 10-year bonds totaling 10 billion yuan and 15-year bonds totaling 40 billion yuan, reported Chinabond.com. The bank is trying to raise capital by all means as Chinese banks face stricter CAR of 12.51%, increased lending and decreasing deposits.   

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Fri, 30 Dec 2011 09:10:00 GMT

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