English
China Merchants Bank Co., the fifth bank in China ranked by market value, will collect some 30 billion CNY (4.4 billion USD) next month from the biggest bond sale in order to increase share capital after the acquisition of Wing Lung Bank Ltd. - Hong Kong. Starting on 2 September, the bank will sell 10-year fixed-interest bonds worth 18 billion CNY, 15-year variable interest bonds worth 7 billion CNY and 10-year unconsolidated interest bonds worth 5 billion CNY. China Merchants will later set the interest rate for the latter bonds.
China Merchants Sells 4.4 Bln USD In Bonds
F.A.
English Section / 26 august 2008
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