Asia sees first dollar Basel II bond since 2013

ICBC Macau prices a rare $320 million old-style bank capital note as the special administrative region has not adhered to the new Basel III framework yet.
Macau, one of the few jurisdictions that has not implemented the Basel III framework
Macau, one of the few jurisdictions that has not implemented the Basel III framework
September 04, 2014

ICBC’s Macau branch raised a $320 million 10-year Basel II-compliant (or old-style) note on Wednesday, given the fact that the special administrative region has not implemented the new Basel III rules yet.

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