(Bloomberg) -- Shenzhen Development Bank Co.,
controlled by buyout firm TPG Inc., will raise as much as 16
billion yuan ($2.1 billion) selling debt to replenish capital
that has dropped below a government-mandated minimum.
The bank will sell 8 billion yuan of subordinated bonds with
maturity of between five and 15 years and another 8 billion yuan
of hybrid bonds with maturity of at least 15 years, the Shenzhen-
based bank said in a statement to the city's exchange on Saturday.
The debt will be sold within 18 months upon shareholder approval.
Read more at Bloomberg Emerging Markets News
controlled by buyout firm TPG Inc., will raise as much as 16
billion yuan ($2.1 billion) selling debt to replenish capital
that has dropped below a government-mandated minimum.
The bank will sell 8 billion yuan of subordinated bonds with
maturity of between five and 15 years and another 8 billion yuan
of hybrid bonds with maturity of at least 15 years, the Shenzhen-
based bank said in a statement to the city's exchange on Saturday.
The debt will be sold within 18 months upon shareholder approval.
Read more at Bloomberg Emerging Markets News
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