News Column

China CITIC Bank to Offer Tier 2 Capital Bonds

August 19, 2014

BEIJING, August 19, SinoCast -- China CITIC Bank Corporation Limited (CNCB; SEHK: 0998 and SHSE: 601998) declared plans to offer CNY 37 billion ten-year fixed interest tier 2 capital bonds. Issuer has right for redemption by the end of the fifth year. Financing will be used for replenishing tier 2 capitals.

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Source: Sinocast Banking & Credit Beat (China)

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