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BRIEF-China Huarong Asset Management Co receives approval for issue of tier II capital bonds
June 21, 2017 / 10:51 AM / 3 months ago

BRIEF-China Huarong Asset Management Co receives approval for issue of tier II capital bonds

June 21 (Reuters) - China Huarong Asset Management Co Ltd

* Issue Of Tier II Capital Bonds

* Received approval from China Banking Regulatory Commission on issue of tier II capital bonds by company

* According to approval from CBRC, co is approved to issue tier II capital bonds in an amount not exceeding rmb10 billion

* Proceeds from issue of bond will be used to replenish capital and improve capital adequacy ratio of company Source text for Eikon: Further company coverage:

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