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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

KEB sells $200 million 'Basel II' bond

The issue is expected to be South Korea’s last Basel II-compliant bond as the nation shifts towards adopting Basel III rules in December.
October 18, 2013

Kazakhstan taps Renminbi bond market

The issuance of a sovereign panda bond, in addition to a dim sum bond from the Development Bank of Kazakhstan, will give the country Renminbi benchmarks.
September 15, 2026