China Citic Bank plans jumbo dim sum bond

29 Aug 2011

The mainland bank intends to raise up to Rmb30 billion (US$4.7 billion) in dim sum bonds in the next two years, following peers into the market.

Banking on the favourable policy initiatives announced by vice premier Li Keqiang earlier, China Citic Bank has unveiled its plan to sell up to Rmb30 billion (US$4.7 billion) in offshore renminbi bonds by 2013.

Chinese lenders have long been tapping this market in the form of certificates of deposit ...

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