Published on 11/15/2021 in the Prospect News Emerging Markets Daily.
New Issue: China Minsheng Banking prices RMB 30 billion 3.02% three-year bonds
By Marisa Wong
Los Angeles, Nov. 15 – China Minsheng Banking Corp., Ltd. priced RMB 30 billion of 3.02% three-year bonds, according to a notice.
The Beijing-based banking company said it will use proceeds to satisfy its assets and liabilities allocation needs, enrich source of funds, optimize the maturity structure of liabilities as well as promote the steady development of business.
| Issuer: | China Minsheng Banking Corp., Ltd.
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| Issue: | Bonds, 2021 first tranche
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| Amount: | RMB 30 billion
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| Maturity: | Three years
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| Coupon: | 3.02%
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| Pricing date: | Nov. 10
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| Settlement date: | Nov. 12
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