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.

BoCom is China’s fifth largest bank in terms of assets

Chien Mi Wong

September 25, 2014

Bank of Communications raised a $1.2 billion 10-year bond note on Wednesday, the first major Chinese bank to issue a Basel III-compliant Tier 2 note from its head office.

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