BoC and ICBC gear up for multi-billion dollar cash calls

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BoC and ICBC gear up for multi-billion dollar cash calls

Issue: 1162 - 8 July 2010

Keywords: boc, icbc, china right issue

State-owned lenders Bank of China and Industrial & Commercial Bank of China are preparing for multi-billion dollar rights issues that will hit Asian investors later this year. But equity bankers this week played down concerns that investors may be unable to absorb the flood of banking paper issuance. ..

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