BRIEF-China Zheshang Bank Co Ltd entered agreement issuance of perpetual offshore preference shares

March 23 (Reuters) - China Zheshang Bank Co Ltd


* Proposed Issuance Of U.S.$2,175,000,000 5.45%

Non-cumulative Perpetual Offshore Preference Shares

* Entered into subscription agreement with joint global

coordinators and joint lead managers

* Offshore preference shares will have a par value of rmb100


* Offshore preference shares will be issued and transferable

only in minimum amounts of u.s.$200,000

* Expects proceeds raised from offshore preference shares

issuance, after deduction of expenses relating to issuance, to

be about rmb14.93 billion

* Pursuant to deal joint lead managers have severally agreed

to subscribe and pay for, offshore preference shares

Source text for Eikon:

Further company coverage: