BEIJING, Feb. 13 (Xinhua) -- Some of China's commercial banks have been busy with issuing bond for capital supplement since the beginning of this year.
As of February 11 of 2019, a total of 67.5 billion yuan of bonds have been issued for capital supplement by three commercial banks in China, namely Ping An Bank Co., Ltd, Bank of China, and Chang'an Bank Co., Ltd, reported Shanghai Securities News on Wednesday.
Specifically, the issued bonds included 1.5 billion yuan of secondary capital bonds, 26 billion yuan of convertible bonds, and 40 billion yuan of perpetual bonds. Issuance of these bonds has been completed in January 2019.
The issuance of these bonds echoes the decision by the State Council, China's cabinet, announced on Monday to strengthen financial support to real economy and risk prevention capability by encouraging capital supplement via various channels for commercial banks. (Edited by Jiang Feifan)
A single purchase
