BoCom private placement

BoCom seeks $9 billion through private placement

The deal will make Bank of Communications the best capitalised bank among its domestic peers, analysts say.

<div style="text-align: left;"> Chinese banks are boosting capital to protect against a rise in bad loans </div>

Lillian Liu

March 16, 2012

Bank of Communications (BoCom), China’s fifth-largest lender by assets, plans to raise Rmb56.6 billion ($9 billion) in what could be one of the world’s biggest share sales this year. The deal will make Bocom the country’s best-capitalised bank, analysts say.

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