综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Hybrid bonds will boost Huaxia's capital

(Shanghai Daily)
Updated: 2007-06-22 13:16

Huaxia Bank Co, partly owned by Deutsche Bank AG, was approved to sell as much as four billion yuan (US$525 million) of a special hybrid bond to boost capital that's near the regulatory minimum.

Huaxia Bank will sell 15-year fixed-yield bonds in the inter-bank market after winning regulatory approval, the Beijing-based lender said in a statement yesterday. Owners of the bond, called a hybrid because it combines features of equity and debt, have less priority than common bondholders in claims on the bank's assets.

Huaxia needs to raise funds to maintain a capital adequacy ratio of eight percent, as required by the central bank, Bloomberg News reported. The bank's ratio was 8.28 at the end of December and may have fallen after the central bank increased the amount banks must set aside as reserves five times this year to slow lending. Banks that fall below the limit can be restricted in their ability to make loans and expand.

Related readings:
 Credit cards fully launched in Huaxia
 Huaxia Bank names Beijing Vice Mayor Zhai chairwoman
 
Huaxia bank expects 22% profit growth

Find more in
Markets Watch  

Banks are being encouraged to sell bonds and shares to boost capital and prepare for greater competition, after overseas banks were allowed full access to China's consumer banking market in December. Huaxia said in March it aims to sell 4.5 billion yuan of hybrid bonds and 15 billion yuan of regular debt in the first half.

Unlike regular bonds, hybrid bonds count as supplementary capital. These special bonds allow the bank to delay interest payments when its capital-adequacy ratio dips below four percent or it's unable to pay other bondholders who have priority claims over its assets.


(For more biz stories, please visit Industry Updates)



晋州市| 双柏县| 汤阴县| 景泰县| 青浦区| 岢岚县| 濮阳市| 丘北县| 禹州市| 济南市| 读书| 全州县| 保德县| 青神县| 云龙县| 武川县| 濉溪县| 德州市| 遂溪县| 巫溪县| 华阴市| 阿克陶县| 黑水县| 揭阳市| 增城市| 永新县| 保亭| 龙陵县| 汝城县| 广水市| 灌南县| 临夏市| 惠来县| 吉首市| 阿尔山市| 博野县| 达拉特旗| 嘉祥县| 龙井市| 安岳县| 清新县|