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.

Bank of China, the fourth biggest lender by market value

Chien Mi Wong

October 16, 2014

Bank of China has raised a $6.5 billion Basel III-compliant Additional Tier 1 note — the biggest single tranche dollar-denominated bank capital sale ever — boosting much-needed capital buffers to counter China’s growing non-performing loans issue.

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