Bocom returns with dual currency bond

China's fifth largest lender taps the dollar and euro-denominated bond markets with a more attractive new issue premium than its last foray in July.

Bocom returns with dual currency bond

Bank of Communications Bocom was back in the debt markets on Tuesday executing a new senior deal less than one month after raising $2.45 billion to comply with Basel III regulations.

China’s fifth largest lender by assets attracted a respectable order book of $2.2 billion for a $385 million five-year fixed rate deal and 100 million three-year floating rate note.

Nearly all of the order book was skewed towards the dollar tranche...

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