Wing Hang Bank primes sub debt issue

Roadshows are likely to start on Monday for a $250 million subordinated debt issue that will part finance the acquisition of Chekiang First Bank.

Jackie Horne

August 27, 2003

Joint bookrunners JPMorgan and Morgan Stanley are expected to launch a 10 non-call five issue for Wing Hang Bank at the beginning of next week. Pricing of the lower tier 2 issue is provisionally scheduled for either Wednesday or Thursday following roadshows in Singapore, Hong Kong and possibly London.

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