BoCom breaks lull with $550m floater

China's fifth-largest lender sells an aggressively-priced floater after building a peak order book of $4.25 billion.

Bank of Communications, China's fifth-largest lender by assets, priced a $550 million three-year floating rate note on Wednesday, making the most of the summer lull to generate a strong order book from deal-starved investors.

¬ 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].

Share our publication on social media
Share our publication on social media