China announces new rules for banks issuing bonds to replenish capital

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    <br>BEIJING, Feb 27 (Reuters) – China’s central bank on Tuesday announced new rules for FG보드 banks’ issuance of bonds to replenish capital, aiming to help banks better absorb capital losses and FG보드 better protect investors’ rights.<br> <br>The rules would allow the bond issuer to write-off the bonds or FG보드 convert them into equity under certain conditions, the People’s Bank of China said in a notice published on its website.<br> <br>The new rules apply to bonds issued to meet capital requirements where repayment would be triggered based on certain conditions.<br> <br>The notice said banks are encouraged to issue innovative loss-absorbing capital replenishment bonds, though banks should be cautious in formulating plans to issue such bonds.

    (Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez)<br>

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