ICBC will send 22 billion levels of debt

Yesterday, a spokesman for ICBC told reporters that the market rumors that the "ICBC will be issued in Friday 22 billion yuan subordinated debt" is not aware of the matter.　　On this matter as well as last week, the purchase of 25 billion a-share convertible bonds when the listing, the spokesman said that the bank's announcement is subject to. Yesterday, the media quoted unnamed people familiar with the words that ICBC will issue 22 billion yuan in Friday of subprime bonds to enrich the company's capital base.　　Citic Securities, CICC and Credit Suisse founder Securities will be the main underwriter of the issue. Guotai banking analyst Wu Yonggang told reporters: "The possibility is not ruled out, because the issue of subordinated debt is a relatively easy refinancing measures, as long as the application for the CBRC approval."　　"There are securities banking analysts said that ICBC has a Friday subprime debt, but he believes that the issue of secondary debt to the stock market basically has no effect, because the subprime buyers are mainly insurance companies and City firms, the A-share market will not have an impact. ICBC recently released a semi-annual report, as at the end of June 2010, ICBC capital adequacy ratio of 11.34%, core capital adequacy ratio of 9.41%, respectively, than the end of the last year, 1.02 and 0.49% decline.