China bank ICBC plans $5.6 bn preferred share issue
Shanghai (AFP) Dec 04, 2014 - The Industrial and Commercial Bank of China (ICBC) will sell more than $5.60 billion worth of preferred shares offshore in three different currencies, it said Thursday, as the world's biggest lender bolsters its capital. ICBC is issuing the shares in three tranches: $2.94 billion in US dollars, 12.0 billion yuan ($2 billion) and 600 million euros ($739 million), according to a statement file ... more

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