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Pudong Bank Shareholders Approve Bond, Share Issues

05-06 18:31 Caijing



» Shanghai Pudong Development Bank Co. said its shareholders on May 5 approved bond and new share issues worth up to 30 billion yuan.
» Last month, the bank said it planned to issue up to 15 billion yuan of subordinated bonds on the interbank bond market with maturities of no more than five years.
» Citigroup owns a 3.8 percent stake in the bank.
From wires
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