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    600016   CNE0000015Y0

CHINA MINSHENG BANKING CORP., LTD.

(600016)
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China Minsheng Banking : ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF FINANCIAL BONDS OF RMB30 BILLION

11/15/2021 | 07:36pm EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中 國 民 生 銀 行 股 份 有 限 公 司

CHINA MINSHENG BANKING CORP., LTD.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01988)

(USD Preference Shares Stock Code: 04609)

ANNOUNCEMENT ON SUCCESSFUL ISSUANCE OF

FINANCIAL BONDS OF RMB30 BILLION

Upon the approval by China Banking and Insurance Regulatory Commission and the People's Bank of China, recently, China Minsheng Banking Corp., Ltd. (the "Company") successfully issued the "2021 First Tranche Financial Bonds of China Minsheng Banking Corp., Ltd." (the "Bonds") in the national inter-bank bond market and completed the registration and entrustment of the Bonds with China Central Depository & Clearing Co., Ltd.

The Bonds were book built and recorded on 10 November 2021 and the issuance was completed on 12 November 2021. The Bonds with an aggregate amount of RMB30 billion are subject to a fixed interest rate for a term of 3 years and have a coupon rate of 3.02%.

The proceeds from the issuance of the Bonds will be used to satisfy the Company's needs of assets and liabilities allocation, enrich the source of funds, optimize the maturity structure of liabilities as well as promote the steady development of business in accordance with applicable laws and the approval of the regulatory authority.

By Order of the Board

CHINA MINSHENG BANKING CORP., LTD.

Gao Yingxin

Chairman

Beijing, PRC

15 November 2021

As at the date of this announcement, the executive directors of the Company are Mr. Gao Yingxin, Mr. Zheng Wanchun and Mr. Yuan Guijun; the non-executive directors are Mr. Zhang Hongwei, Mr. Lu Zhiqiang, Mr. Liu Yonghao, Mr. Shi Yuzhu, Mr. Wu Di, Mr. Song Chunfeng, Mr. Yang Xiaoling and Mr. Zhao Peng; and the independent non-executive directors are Mr. Liu Jipeng, Mr. Li Hancheng, Mr. Xie Zhichun, Mr. Peng Xuefeng, Mr. Liu Ningyu and Mr. Qu Xinjiu.

Disclaimer

CMBC - China Minsheng Banking Corporation Ltd. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 00:35:07 UTC.


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Financials
Sales 2021 180 B 28 361 M 28 361 M
Net income 2021 33 859 M 5 335 M 5 335 M
Net Debt 2021 - - -
P/E ratio 2021 5,25x
Yield 2021 5,55%
Capitalization 162 B 25 500 M 25 526 M
Capi. / Sales 2021 0,90x
Capi. / Sales 2022 0,86x
Nbr of Employees 59 262
Free-Float -
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China Minsheng Banking Corp., Ltd. Technical Analysis Chart | 600016 | CNE0000015Y0 | MarketScreener
Technical analysis trends CHINA MINSHENG BANKING CORP., LTD.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 14
Last Close Price 3,96 CNY
Average target price 3,41 CNY
Spread / Average Target -13,9%
EPS Revisions
Managers and Directors
Wan Chun Zheng President & General Manager
Dan Bai Chief Financial Officer & Co-Secretary
Jun Tong Zhang Chairman-Supervisory Board
Ying Xin Gao Chairman
Zhi Chun Xie Independent Non-Executive Director