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The latest update is out from China Merchants Bank Co ( (HK:3968) ).
China Merchants Bank Co., Ltd. has successfully completed the issuance of RMB20.0 billion in undated additional Tier 1 capital bonds, with a 2.13% coupon rate for the first five years, to strengthen its capital base. This move, approved by the National Financial Regulatory Administration, is expected to bolster the bank’s financial stability and provide greater flexibility in its capital management, potentially impacting its market positioning and stakeholder confidence.
More about China Merchants Bank Co
China Merchants Bank Co., Ltd. operates in the financial industry, primarily offering banking services and products. It is a joint stock company incorporated in the People’s Republic of China and focuses on enhancing its capital structure through strategic financial instruments.
YTD Price Performance: 17.04%
Average Trading Volume: 1,439
Technical Sentiment Signal: Strong Sell
Current Market Cap: $146.1B
For a thorough assessment of 3968 stock, go to TipRanks’ Stock Analysis page.
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