PSBC smashes records with huge AT1 perpetual bond

Despite its massive size, the $7.25 billion debut issue was trading below water on first day of trading.

State-owned Postal Savings Bank of China (PSBC) raised $7.25 billion in its first ever US dollar denominated bond sale on Thursday night, in what was the world’s largest additional tier-1 (AT1) offering.

¬ Haymarket Media Limited. All rights reserved.

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