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2009-7-8 08:20:00 p.m. HKT, XFNA
DJ ICBC: China Regulators OK Issue Of Up To CNY40B Sub Bond
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| HONG KONG (Dow Jones)--Industrial & Commercial Bank of China Ltd. (1398.HK) said Wednesday it has received regulatory approval to issue up to CNY40 billion subordinated bonds in the interbank bond market.
The Chinese bank said the bond issue has been approved by the China Banking Regulatory Commission and the People's Bank of China.
-By Lorraine Luk, Dow Jones Newswires; 852-2802-7002; lorraine.luk@dowjones.com
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