China Minsheng Banking (HK:1988) has released an update.
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China Minsheng Banking Corp. has successfully issued RMB10 billion in undated capital bonds to strengthen its tier-one capital, with a coupon rate set at 2.73% for the initial five years. This strategic move is expected to bolster the bank’s financial stability and enhance its capital structure. The issuance was completed on November 1, 2024, following regulatory approvals.
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