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China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

-- China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.

The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.

Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.

The bank's Hong Kong shares slipped 1% during the morning trade.

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