trending Market Intelligence /marketintelligence/en/news-insights/trending/izpzfshttk4pndffkbt77q2 content esgSubNav
In This List

Shanghai Pudong Development Bank issues 20B yuan of bonds

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Shanghai Pudong Development Bank issues 20B yuan of bonds

Shanghai Pudong Development Bank Co. Ltd. raised 20 billion yuan via an issuance of Tier 2 capital bonds.

The 10-year bonds were priced with a coupon rate of 4.96%, with an option for the lender to redeem them after five years. They were issued Sept. 7.

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

As of Sept. 7, US$1 was equivalent to 6.84 Chinese yuan.