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: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


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.