Bank of China in Bond Sale to Boost CapitalQuicklink submitted by Margaret Bassett Permalink
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|Bank of China, the country's largest foreign exchange lender, said on Friday that it planned to sell up to Rmb40bn ($5.86bn) of convertible bonds to replenish its capital following a year of unprecedented loan growth in China. The bank said the proceeds from the convertible bond sale would be used to boost its capital base and allow it to meet stricter regulatory and capital requirements.|
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