Citic Ka Wah to raise lower tier 2 debt

The Baa2-rated bank is said to have mandated Barclays and UBS Warburg as joint-bookrunners for a 10-year deal, with ICBC as joint-lead. The three won a bidding war for aátransaction that many believeáwillátest the true strength and outer limits of demand foráGreater China credits.