Chinese bank raises $7.3 billion in bond sale

May 19 2009 17:31:21

Chinese bank raises $7.3 billion in bond sale

Bloomberg

The largest lender to China’s 800 million farmers increased the sale of subordinated bonds from a targeted 40 billion yuan, Beijing-based Agricultural Bank said in a statement yesterday. The sale may lift Agricultural Bank’s capital ratio above the 10 percent minimum that allows it to sell shares to the public.

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