Minsheng thinks big after commitments pour in

GlobalCapital

September 26, 2016 11:00 am

china minsheng px230 — --FILE--A woman walks past a branch of China Minsheng Banking Corp. Ltd. in Shanghai, China, 3 January 2011. China Minsheng Banking Corp., the nations first non-state lender, said it plans to raise as much as 29.4 billion yuan (US$4.5 billion) by selling shares and convertible bonds to boost its capital adequacy ratio. The bank will issue up to 20 billion yuan of convertible bonds in Shanghai and has canceled a plan to issue local-currency shares in a private placement, according to a filing to the Hong Kong stock exchange. Minsheng will also issue as many as 1.65 billion new H-shares in Hong Kong, the statement said. | He dongping/AP/Press Association Images

China Minsheng Hong Kong International Leasing is planning to raise at least $300m from its latest loan, more than the initial $200m, after receiving a good response during general syndication.

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