Deluge of Chinese bank capital bonds gathers pace

An important new sector of the Asian debt markets picks up speed with the pricing of jumbo offshore Tier 2 deals for Bank of China and China Construction Bank.

Deluge of Chinese bank capital bonds gathers pace

A weighty pipeline of bank capital bonds from Chinese banks does not yet appear to have deterred investors who were offered two very contrasting Tier 2 transactions on Wednesday.

Earlier this summer, China's big five banks announced plans to raise a total of Rmb270 billion $44 billion in Tier 2 capital through the onshore and offshore debt markets in order to make themselves Basel III-compliant.

It...

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