Monday, January 10, 2011

Listed banks financing the new round of looming wave

 Agricultural Bank of China and the livelihood of the latest bank announcement will probably pull off a new round of refinancing.

ABC announced last week, said the bank board resolution, to be issued not more than 50 billion yuan of subordinated bonds, used to replenish the capital of the Agricultural Bank subsidiary to raise capital adequacy ratio. Following the September issue of 5.8 billion subordinated debt supplementary capital, the Minsheng Bank re-launched the financing package. Minsheng Bank Jan. 8 announcement shows the company proposed to the issuance of A shares is not more than 4.7 billion shares, is expected to finance not more than 21.5 billion yuan.

in just the last in 2010, the major listed banks have re-financing, ICBC, BOC, CCB, Bank of the four lines to refinance more than 270 billion yuan, and the Agricultural Bank of China also completed last year IPO. And last year, affected by the re-financing, the trend of bank shares is in the doldrums, the new round of re-financing boom coming, no doubt the trend of bank shares has cast a layer of haze. (Reporter Xiong Yan) 

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