China's Industrial Bank Co. Ltd. raised 30 billion yuan by issuing Tier 2 bonds.
The 10-year-notes carry an annual coupon of 4.15%, according to a release obtained Aug. 27.
The issuance is set to raise the lender's capital adequacy ratio by 0.59 percentage points.
As of Aug. 27, US$1 was equivalent to 7.16 Chinese yuan.
