Chinese perpetual bonds: capital idea

Bank of China’s landmark onshore perpetual bond deal opens up a new fundraising avenue for the capital-strapped banking sector.

Chinese perpetual bonds: capital idea
When the credits roll on 2019, there is one bond offering that will almost be certainly viewed as one of the year’s defining transactions and that is last Friday’s Rmb40billion $5.9 billion perpetual by Bank of China. 
The deal was symbolic on a number of levels, not least because it has created an important new financing option for Chinese banks as they seek to bolster their capital ratios to meet...

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