Bank of China: a ‘covered bond’ in name only

It could have been a game-changer. Instead, Bank of China settled for a Frankenstein — a deal that was not quite a covered bond, but not quite a conventional bond either.

Matthew Thomas

November 07, 2016

Bank of China raised $500 million from a green covered bond last week, becoming the first Chinese issuer to ever use the covered bond format for funding.

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Disruption
Debt
Banks
North Asia

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