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Prospect News home > News index > List of issuers I > Headlines for Industrial and Commercial Bank of China Ltd. > News item
Published on 7/8/2009 in the Prospect News Emerging Markets Daily.

ICBC gets approval for 40 billion yuan issue of subordinated bonds

By Jennifer Chiou

New York, July 8 - Industrial and Commercial Bank of China Ltd. announced that it recently obtained authorization for an up to 40 billion yuan issue of subordinated bonds.

Both the China Banking Regulatory Commission and the People's Bank of China gave their approvals.

Shareholders gave the issue the go-ahead in October 2008.

The bank is based in Beijing.


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