CICC Secures Regulatory Nod for Public Issuance of Up to RMB 40 Billion Perpetual Subordinated Bonds
Stock News
Aug 28
CICC (03908) announced that it has recently obtained the "Approval for Registration of Public Issuance of Perpetual Subordinated Bonds to Professional Investors" issued by the China Securities Regulatory Commission (CSRC).
According to the approval, the CSRC has sanctioned the company's registration application to publicly issue perpetual subordinated bonds with a total face value not exceeding RMB 40 billion to professional investors.
The approval remains valid for a period of 24 months from the date of registration consent, during which CICC may issue the perpetual subordinated bonds in multiple tranches.
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