国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

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)



玛曲县| 建始县| 汾西县| 辽宁省| 河津市| 玛曲县| 常德市| 丹东市| 玉屏| 屯昌县| 石城县| 宁城县| 长白| 丹江口市| 金寨县| 前郭尔| 正阳县| 保定市| 肇庆市| 河间市| 兖州市| 外汇| 远安县| 滦平县| 红安县| 阳泉市| 胶南市| 西乡县| 盘山县| 竹山县| 镇雄县| 通州市| 城口县| 托里县| 巴彦县| 临颍县| 长顺县| 恭城| 北宁市| 醴陵市| 清远市|