Bank of China, the nation’s third-largest by value, plans to sell as much as Rmb120bn ($17.5bn) of subordinated bonds by 2012, joining rivals in replenishing capital to fund loan growth, reports Bloomberg. The sales will be subject to shareholders’ approval on March 23 and the notes will have maturities of at least five years, the Beijing-based bank said.

This entry was posted by Gwen Robinson on Friday, March 6th, 2009 at 4:47 and is filed under Capital markets. Tagged with bank of china. Edit this entry.