16.5 billion loans issued

Citic Bank (601998) announced 25th, the CBRC agreed to issue a total of less than 16.5 billion yuan of subordinated bonds. It is reported that the subordinated bonds will be issued from May 27.　　This issue is divided into two varieties, one for the 10-year fixed rate variety, at the end of the 5th, with the prerequisite of the issuer of the redemption rights; The species II is a 15-year fixed rate variety, with the precondition of the issuer's redemption at the end of the 10th. Varieties of an initial scale of not more than 5 billion yuan, the original size of two not more than 11.5 billion yuan.　　The issuer is entitled to make a full callback between the initial sizes of the two varieties of the bond.　　The company said the fund-raising would be used to raise capital adequacy ratios. According to Citic Bank's 2009 annual report, the capital adequacy ratio of CITIC Bank was 10.14%, down 4.18% from the end of last year, and the core capital adequacy ratio was 9.17%. At the end of the first quarter of this year, Citic Bank's capital adequacy ratio was 9.34%, and its core capital adequacy ratio was 8.31%.