Gremlins at the bank capital gates

Teething issues blight many debut bank capital deals, including Bank of China's recent $6.5b offering, but such problems are unlikely to last.

Gremlins at the bank capital gates

Teething issues are bound to crop up in debut bank capital deals and even the biggest issuers can fall foul of gremlins, including Bank of China’s recent preference share transaction.

Although viewed as a landmark deal, BOC’s mammoth $6.5 billion Additional Tier 1 offering raised mid-October experienced some technical issues a few days after it was launched.

The error began from the start in terms of how it was set up,...

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