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BRIEF-Shanghai Pudong Dev Bank's 2016 profit up 4.9 pct y/y, plans to issue tier-2 capital bonds
March 31, 2017 / 1:23 PM / in 8 months

BRIEF-Shanghai Pudong Dev Bank's 2016 profit up 4.9 pct y/y, plans to issue tier-2 capital bonds

March 31 (Reuters) - Shanghai Pudong Development Bank Co Ltd

* Says 2016 net profit up 4.9 percent y/y at 53.1 billion yuan ($7.71 billion)

* Says board approves to issue up to 40 billion yuan ($5.81 billion) worth of tier-2 capital instruments by end of 2018

Source text in Chinese: bit.ly/2nHdPGP ; bit.ly/2nDrVai

Further company coverage: ($1 = 6.8830 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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