CMB makes largest renminbi issue this year
China Merchants Bank injected a shot of adrenaline into an otherwise drowsy Asian bond market today when it sold a Rmb30bn ($4.38bn) bank capital deal, the biggest renminbi issue this year. Read EuroWeek on Friday to find out much CMB — which recently released operating profits of Rmb28bn ($4bn) — had to pay to raise such a large chunk of capital.
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