The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Postal Savings Bank of China prices IPO at low end of expectations

Published Wed, Sep 21, 2016 · 09:50 PM
Share this article.

Hong Kong

STATE-OWNED Postal Savings Bank of China (PSBC) priced its Hong Kong initial public offering near the bottom of expectations, valuing the deal at US$7.4 billion, IFR reported on Wednesday.

The bank, seeking to bolster its balance sheet and fund future lending growth, had originally sought to raise up to US$8.1 billion, counting …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here