Citic Ka Wah to raise lower tier 2 debt

One of Hong Kong''s smallest banks by assets, Citic Ka Wah is hoping to finance its expansion plans with a $250 million subordinated debt deal.

Jackie Horne

May 21, 2001

The Baa2-rated bank is said to have mandated Barclays and UBS Warburg as joint-bookrunners for a 10-year deal, with ICBC as joint-lead. The three won a bidding war for aátransaction that many believeáwillátest the true strength and outer limits of demand foráGreater China credits.

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