Bond sale part of expansion
By Lilith Hu |
December 3, 2013, Tuesday
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Print Edition
Print Edition
AgBank, China’s third biggest lender, widened efforts to expand overseas business and became one of the first Chinese banks to sell yuan-denominated bonds in Taiwan last Friday. The lender priced its first three-year yuan bond in Taiwan at 3.3 percent and five-year bond at 3.6 percent, below its earlier estimates of 3.35 percent and 3.75 percent, according to a statement on the lender’s website.
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