Reuters logo
BRIEF-Postal Savings Bank Of China announces proposed issue of $7.25 bln perpetual offshore preference shares
September 22, 2017 / 12:10 AM / 2 months ago

BRIEF-Postal Savings Bank Of China announces proposed issue of $7.25 bln perpetual offshore preference shares

Sept 22 (Reuters) - Postal Savings Bank Of China Co Ltd

* Proposed issuance of u.s.$7.25 billion, 4.50% non-cumulative perpetual offshore preference shares

* Entered subscription agreement with joint lead managers; offshore preference shares will have a par value of rmb100 each

* Expects proceeds raised from issue, after deduction of commissions & expenses to be about rmb47.6 billion Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
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