Monday, July 16, 2007

Bocom to Raise $307 Million Selling Certificates of Deposit in Hong Kong

(Bloomberg) -- Bank of Communications Ltd., part
owned by HSBC Holdings Plc, plans to raise HK$2.4 billion ($307
million) by selling certificates of deposit, according to sale
documents.

China's sixth-largest bank, known as Bocom, plans to sell
the floating-rate certificates this month, HSBC, which is
arranging the sale, said in an e-mail today.


Read more at Bloomberg Bonds News

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