[ET Net News Agency, 20 October 2017] China Merchants Bank (03968) said it agreed to
issue US$1,000 million 4.4% non-cumulative perpetual offshore preference shares at US$20
each.
The offshore preference shares are expected to be issued on 25 October.
The bank expects the net proceeds of about Rmb6,578.2 million will be used for
replenishment of its additional Tier 1 Capital. (HL)