Economic TimesLean R·
China CITIC Bank International plans dollar, offshore yuan perpetual bonds
China CITIC Bank International plans to issue perpetual bonds in US dollars and offshore yuan. Initial price guidance is set around 5.45% for dollar bonds and 2.90% for yuan bonds. These benchmark-sized deals will strengthen the lender's capital base and absorb potential losses. The bank will hold a global investor call later today for these securities. Proceeds from the bonds will fund general corporate purposes after a five-year redemption period.
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