CCB eyes first international tier two
China Construction Bank (CCB) is planning an international tier two bond, and is aiming to bring its deal before year end, according to investors. The borrower has not decided on a currency, but one fund manager is expecting a benchmark dollar deal in December.
CCB International, Goldman Sachs and HSBC are global coordinators, and the issuer is expected to announce a longer line of bookrunners, said a Hong Kong based fund manager. Syndicate officials at those three banks declined to comment or could not be reached.
The borrower has not announced roadshow
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