Corporate Debt

BoCom prints China’s first international AT1 perpetual bond

Bank of Communications' new offshore issue follows updated guidelines from country’s regulator and could pave the way for similar issuance from other domestic banks.

Last week’s US dollar Additional Tier 1 capital bond from Bank of Communications (BoCom) was not only a first from a bank in China, the innovative deal could also pave the way for the manner in which onshore lenders are likely to raise such capital going forward.

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