What is $9bn between friends? Not more than a trifle, if you are Bank of Communications and your biggest, closest buddies have already agreed to a private placement capital raising equivalent to a fifth of your diluted share capital. A pity for those shareholders that the Chinese bank is now trading at a discount to the subscription price. Perhaps by thinking about what else the funds could have bought (half of Société Générale or UniCredit by market capitalisation for example), the bet does not appear so bad.
朋友之间90亿美元算什么钱？实在不算什么——前提是你是交通银行(BoCom)，而你最大、最要好的朋友已同意进行一场私募筹资，规模相当于你的稀释后股本的五分之一。可怜那些股东，这家中资银行目前的股价低于私募认购价。也许想一想这笔钱原本还可能买到什么——比如法国兴业银行(Société Générale)或意大利裕信银行(UniCredit)的一半市值——就会觉得这笔赌注似乎不算太糟。
您已阅读25%（707字），剩余75%（2175字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。