Bank of China unveils first perpetual bond amid capital pressure


  • Business Premium
  • Friday, 25 Jan 2019

HONG KONG: Bank of China Ltd is set to offer the first perpetual bonds from a Chinese lender today, a landmark deal that will pave the way for similar fund-raising from financial institutions.

The bank is looking to issue as much as 40 billion yuan (US$5.9bil) of perpetual bonds to replenish additional tier 1 capital, it said in a filing.

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Business , China , bond , capital

   

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