Chong Hing launches $300m AT1 bond

The Hong Kong bank's Additional Tier 1 bond was 16x oversubscribed, but credit risk may rise due to recent takeover.
Chong Hing is now 75% owned by Guangzhou-based Yue Xiu Enterprises
Chong Hing is now 75% owned by Guangzhou-based Yue Xiu Enterprises
September 19, 2014

Chong Hing Bank raised a capped $300 million perpetual bond callable in year five on Thursday, the second Asian financial institution to sell an Additional Tier 1 note.

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