Banking
China Minsheng Banking to sell 5.8b yuan bonds
(Agencies)
Updated: 2010-06-04 16:59
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China Minsheng Banking Corp plans to sell 5.8 billion yuan ($849 million) of 10-year subordinated bonds with help from Haitong Securities Co, according to a statement posted on the Chinabond website.
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China's banks are trying to improve their capital ratios after extending a record 9.59 trillion yuan of new loans in 2009, following the government's decision to scrap lending caps as part of efforts to combat the global financial crisis.