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China Minsheng Banking Corp Ltd to Issue Convertible Corporate Bonds


Tuesday, 12 Mar 2013 08:00pm EDT 

China Minsheng Banking Corp Ltd announced that it will issue RMB 20 billion worth of convertible corporate bonds, each with par value of RMB 100 and a term of six years. The coupon rate for each year will be 0.6%, 0.6%, 0.6%, 1.5%, 1.5% and 1.5%. The initial conversion price is RMB 10.23 per share. Haitong Securities Co., Ltd. and UBS will jointly serve as the main underwriter.