Citic Bank Plans $5 Billion Medium Term Note Issue

China Citic Bank plans to issue $5 billion worth of medium-term notes. The move aims to raise funds and boost liquidity for the bank. The issuance is expected to be completed by the end of July. The bank has been facing challenges in recent months, including a decline in profits and a rise in non-performing loans. The issuance of medium-term notes is seen as a positive step by analysts, who believe it will help the bank to meet its funding needs and improve its financial position.