BoCom debuts first Chinese Basel III dollar bond

The $1.2 billion Tier 2 offering will set the benchmark for other Chinese banks to tap international markets for funds, boosting capital buffers as asset quality weakens.
BoCom is China’s fifth largest bank in terms of assets
BoCom is China’s fifth largest bank in terms of assets
September 25, 2014

Bank of Communications raised a $1.2 billion 10-year bond note on Wednesday, the first major Chinese bank to issue a Basel III-compliant Tier 2 note from its head office.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media