China Merchants Bank Plans New Capital Bond Issuance

An update from China Merchants Bank Co ( (HK:3968) ) is now available.

China Merchants Bank Co., Ltd. announced its plan to apply for a new framework quota for capital bond issuance, with a total issue size not exceeding RMB73 billion. This strategic move aims to strengthen the bank’s capital base through the issuance of undated and tier 2 capital bonds, which include write-down clauses for loss absorption. The issuance plan, approved by the Board of Directors, allows for redemption options and market-determined interest rates, and can be executed in both domestic and overseas markets. This initiative is expected to enhance the bank’s financial stability and support its growth strategy in the competitive banking sector.

More about China Merchants Bank Co

China Merchants Bank Co., Ltd. is a major financial institution in China, primarily engaged in providing comprehensive banking services. The company focuses on commercial banking, offering a range of products including loans, deposits, and wealth management services, catering to both individual and corporate clients in domestic and international markets.

YTD Price Performance: 26.06%

Average Trading Volume: 20,684

Technical Sentiment Signal: Sell

Current Market Cap: $155.8B

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