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Bank of Jilin to issue RMB 2 bln subordinated bonds

Apr. 18, 2012 (China Knowledge) - Bank of Jilin, a commercial bank, with its headquarters in Changchun, Jilin Province, has announced plans to issue RMB 2 billion worth of subordinated bonds with a maturity of ten years on the interbank market from Apr. 18 to Apr. 19.

Coupon rate will be determined in the process of book-building, and both value date and payment due date is set on Apr. 19.

The issuer has the option to redeem the fixed-rate bonds at the fifth year.

Bank of Nanjing Co Ltd<601009> has been assigned as the lead underwriter and bookrunner.

Dagong Global Credit Rating Co Ltd has rated the issuer and bonds AA- and A+, respectively.

At the end of June 2011, the issuer had RMB 178.92 billion in total assets, and the lender earned RMB 4.38 billion in operating revenue and RMB 1.39 billion in net profit in the first half of last year, sources reported.






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