China Minsheng to offer up to RMB 20 billion of six-year convertibles

By Marisa Wong

Madison, Wis., April 7 - China Minsheng Banking Corp., Ltd. said it plans to issue up to RMB 20 billion of six-year A share convertible bonds.

The convertible bonds will be issued at par of RMB 100.

The bonds will be convertible after six months.

Proceeds will be used to replenish the company's supplementary capital.

The issuance is subject to approval by shareholders, the China Banking Regulatory Commission and the China Securities Regulatory Commission.

The bank is based in Beijing.

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