Dec 29 - Subordinated Bonds Increase by More Than 240 Percent This Year

Source: Securities Times, ChinaScope Financial (Data)

+   Industrial and Commercial Bank of China Ltd. (ICBC) (SSE: 601398; HKEX: 1398) is planning to issue CNY 50 billion worth of subordinated bonds.

+   In 2011, commercial banks have issued a total of CNY 313.2 billion subordinated bonds, a 241% year-on-year increase. China’s five major banks, namely ICBC, Bank of China Ltd. (SSE: 601988, HKEX: 3988), Agricultural Bank of China Ltd. (SSE: 601288; HKEX: 1288), China Construction Bank Co. (SSE: 601939; HKEX: 0939) and Bank of Communications Co., Ltd. (SSE: 601328; HKEX: 3328), have in total issued CNY 236 billion worth of subordinated bonds this year.

+   From December 28 to December 30, 2011, subordinated bonds worth a total of CNY 54.3 billion will be issued by Guangxi Beibu Gulf Bank, Bank of Changsha, ICBC, Bank of Nanchang and Bank of Lanzhou.

+   Related Data: Sub-debt, CAR

+   Related Sector: Commerical Banks

China’s five major banks account for 75% of total subordinated debts issued this year.

 The CAR of city commercial banks has dropped more than other diversified banks this year.

Trading Comparable

For more data on other banks, please visit www.chinascopefinancial.com

Other News Headlines

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• BYD Has Received Approval to Issue CNY 6 Billion Corporate Bonds

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