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Home>>China Business >> Finance

ICBC to auction 22b in sub debt

10:26, September 08, 2010      

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Industrial & Commercial Bank of China (ICBC), the world's most valuable bank, said Tuesday it plans to issue 22 billion yuan ($3.2 billion) in 10- and 15-year subordinated bonds to maintain its Tier-2 capital.

The bonds will be issued from September 10 to September 14 and begin secondary market trading September 14, it announced on the website chinabond.com.cn.

Source: Global Times

（Editor：黄蓓蓓）

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