China Minsheng Bank offers change with debut AT1

Morgan Davis

December 07, 2016 07:30 AM

china minsheng px230 — --FILE--A woman walks past a branch of China Minsheng Banking Corp. Ltd. in Shanghai, China, 3 January 2011. China Minsheng Banking Corp., the nations first non-state lender, said it plans to raise as much as 29.4 billion yuan (US$4.5 billion) by selling shares and convertible bonds to boost its capital adequacy ratio. The bank will issue up to 20 billion yuan of convertible bonds in Shanghai and has canceled a plan to issue local-currency shares in a private placement, according to a filing to the Hong Kong stock exchange. Minsheng will also issue as many as 1.65 billion new H-shares in Hong Kong, the statement said. | He dongping/AP/Press Association Images

China Minsheng Banking Corp is set to debut in the dollar bank capital market, launching its deal on Wednesday morning in a week otherwise filled with trades from local government financing vehicles (LGFVs).

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

China Minsheng Banking Corp UBS China ICBC Greater China Bank Capital Asia Northeast Asia Asia Pacific Emerging Markets FIG Goldman Sachs

MD

Morgan Davis

Deputy editor GlobalCapital Asia