basel iii

ICBC reopens dollar AT1 with punchy deal

ICBC Asia, the offshore subsidiary of China's largest bank, sells $1bn alternative tier one bond, becoming the first Asian lender to issue a dollar bond in the format this year.
July 14, 2016

Ag. Bank of China issues $6.45b in pref shares

Agricultural Bank of China completes the second part of a total Rmb80 billion capital-raising exercise; ICBC is expected to be next as banks beef up their balance sheets.
March 19, 2015

ICBC bites the preference share bullet

China’s biggest lender sells $5.7 billion of offshore Additional tier-1 notes in three different currencies, obtaining a staggering $28 billion total order book.
December 03, 2014

BOC sells landmark $6.5b bank capital note

Lender raises the largest ever dollar-denominated bank capital offering, building up capital cushions to counter China’s mounting bad debt problem.
October 16, 2014

BoCom debuts first Chinese Basel III dollar bond

The $1.2 billion Tier 2 offering will set the benchmark for other Chinese banks to tap international markets for funds, boosting capital buffers as asset quality weakens.
September 24, 2014

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.
September 19, 2014