Everbright Bank announces $1.29b in redeemed debt
Updated: 2013-07-16 16:20
By WU YIYAO in Shanghai (chinadaily.com.cn)
|
|||||||||
China Everbright Bank said in a statement it had redeemed 8-billion-yuan ($1.29 billion) in subordinated debts, and insisted the redemption will not affect its plan for a Hong Kong listing.
Some reports said the bank needed to redeem about 10-billion-yuan in subordinated debt.
Some analysts believed this could have a negative influence on the lender's efforts to get listed in Hong Kong.
Shen Chunhua, spokesman for the bank, said the reports were not credible, according to a report by the National Business Daily on Tuesday.
China Everbright Bank's statement also said the lender's capital quality has met demands of regulators.
The bank launched its third attempt to get listed in Hong Kong in March after attempts in 2011 and in May last year.
The lender plans to raise between $1.5 billion and $2 billion to supplement its capital.
The China Banking Regulatory Commission approved in June the lender's application for an initial public offering in Hong Kong with a maximum of 12 billion shares.
- Obama urges restraint amid protests
- Putin wants Snowden to go, but asylum not ruled out
- Apple to probe death of Chinese using charging iPhone
- Investment falters as industrial activity flags
- Rape victim's mother wins appeal
- Reproduction of 'Sunflowers' displayed in HK
- Land Rover enthusiasts tour the world
- US star sprinter fails drug test
Most Viewed
Editor's Picks
Railway cities staying on track |
More concerns over camps |
Challenging times on 'high-speed Silk Road' |
Jiangnan Style |
Coming to a screen near you |
Hospital ship lends a helping hand |
Today's Top News
Spain apologizes to Bolivia for plane delay
International cotton contract in the works
Smithfield shareholder still presses for break up
China calls for new talks on Iran nuclear issue
Global warming may largely raises sea level
Putin wants Snowden to go, asylum not ruled out
US: China can balance own growth
Top foreign study destinations for Chinese
US Weekly
Geared to go |
The place to be |