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FINWIRES

China Zheshang Bank Raises 30 Billion Yuan via Perpetual Bond Issue

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China Zheshang Bank (SHA:601916) raised 30 billion yuan via the issue of perpetual capital bonds to supplement capital.

The bonds carry a coupon rate of 1.95% for the initial five-year period, reset every five years, according to a weekend filing with the Shanghai bourse.

Shares of the lender rose 1% in recent trade.

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