Reuters logo
BRIEF-China's Industrial Bank plans subordinated debt, cooperates with Baidu unit
June 12, 2014 / 9:10 AM / 3 years ago

BRIEF-China's Industrial Bank plans subordinated debt, cooperates with Baidu unit

June 12 (Reuters) - Industrial Bank Co Ltd

* Says signs strategic agreement with Baidu’s Beijing unit to cooperate on banking products and services

* Says gets central bank aprroval to issue up to 20 billion yuan ($3.22 billion) subordinated debentures

Source text in Chinese: link.reuters.com/xyr99v; link.reuters.com/zyr99v

Further company coverage: ($1 = 6.2175 Chinese Yuan Renminbi) (Reporting by Hong Kong and Singapore newsrooms)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below