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Shanghai bank gets nod for $7-billion bond issue

(ATF) Shanghai Pudong Development Bank (600000) announced today – April 21, 2020 – that the company had received a positive response from officials for a 50-billion-yuan bond issue.

The bank said the China Banking Regulatory Commission had agreed to its proposal for a public issuance of bonds with a value of no more than 50 billion yuan (US$7.07 billion). 

It had been given go-ahead for an administrative license issued by the People’s Bank of China, the central bank, for the issuance in the national interbank bond market.

The approval limit is valid for two years from the date of the bond issuance.

Chris Gill

With over 30 years reporting on China, Gill offers a daily digest of what is happening in the PRC.


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