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

Shanghai Pudong Development Bank issues 20B yuan of bonds

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just 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.