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China Construction Bank Corp to Issue Tier-2 Capital Instruments with Write-down Feature

Sunday, 25 Aug 2013 12:00pm EDT 

China Construction Bank Corp announced that it will issue tier-2 capital instruments with write-down feature worth equivalent to no more than RMB 22 billion, with a term of no less than five years. The coupon rate will be determined according to market condition and proceeds will be used for tier-2 capital raising.