PSBC smashes records with huge AT1 perpetual bond

Despite its massive size, the $7.25 billion debut issue was trading below water on first day of trading.

State-owned Postal Savings Bank of China (PSBC) raised $7.25 billion in its first ever US dollar denominated bond sale on Thursday night, in what was the world’s largest additional tier-1 (AT1) offering.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media