Thursday, December 8, 2016

China bank ICBC seals first debt-for-equity swap with Shandong Gold

BEIJING, Dec 9 (Reuters) - Industrial and Commercial Bank of

China (ICBC) , the country's biggest lender

by assets, said on Friday it has signed a 10 billion yuan ($1.45

billion) debt-for-equity swap with Shandong Gold Group to reduce

the company's debt burden.

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