China Minsheng says to issue $3.2 bln A share convertible bonds

HONG KONG, March 13 Tue Mar 12, 2013 7:49pm EDT

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HONG KONG, March 13 (Reuters) - Mid-sized lender China Minsheng Banking Corp Ltd said on Wednesday it would issue 20 billion yuan ($3.22 billion) worth of A share convertible corporate bonds with a term of six years.

The issue would total 200 million A share convertible corporate bonds with an initial conversion price of 10.23 yuan per A share.

For statement click here ($1 = 6.2162 Chinese yuan) (Reporting by Donny Kwok; Editing by ERic Meijer)

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