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5 months ago
BRIEF-China Zheshang Bank Co Ltd entered agreement issuance of perpetual offshore preference shares
March 23, 2017 / 12:33 AM / 5 months ago

BRIEF-China Zheshang Bank Co Ltd entered agreement issuance of perpetual offshore preference shares

March 23 (Reuters) - China Zheshang Bank Co Ltd :

* Proposed Issuance Of U.S.$2,175,000,000 5.45% Non-cumulative Perpetual Offshore Preference Shares

* Entered into subscription agreement with joint global coordinators and joint lead managers

* Offshore preference shares will have a par value of rmb100 each

* Offshore preference shares will be issued and transferable only in minimum amounts of u.s.$200,000

* Expects proceeds raised from offshore preference shares issuance, after deduction of expenses relating to issuance, to be about rmb14.93 billion

* Pursuant to deal joint lead managers have severally agreed to subscribe and pay for, offshore preference shares

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