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Standard Chartered raises 5b yuan in debt offer
By Hu Xiaocen |
April 12, 2013, Friday
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Online Edition
Online Edition
STANDARD Chartered Bank (China) Ltd raised 5 billion yuan (US$800 million) in the domestic interbank bond market, the largest yuan-dominated bond sale by a foreign bank in China.
The three-year bond with a coupon rate of 4.2 percent was underwritten jointly by China International Capital Corp, Export-Import Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China, the British bank said in a statement yesterday.
The fund raised will be used to support small and micro enterprises in China in response to the government's call to enhance financial services for the sector, according to the statement.
The three-year bond with a coupon rate of 4.2 percent was underwritten jointly by China International Capital Corp, Export-Import Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China, the British bank said in a statement yesterday.
The fund raised will be used to support small and micro enterprises in China in response to the government's call to enhance financial services for the sector, according to the statement.
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