Chong Hing finds tepid response for AT1

Morgan Davis

July 28, 2020 09:15 am

Hong Kong_traffic_adobe_12May_575 — Hong Kong - JULY 24, 2019 : Neon lights in Mong Kok area. Mong Kok is a very popular shopping place in Hong Kong, China. | f11photo - stock.adobe.com

Hong Kong-based Chong Hing Bank’s $250m Basel III-compliant additional tier one (AT1) bond received just muted demand from investors because of its tight pricing approach.

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Topics

China Merchants Bank Co Hong Kong SAR Asia Greater China Bank Capital Northeast Asia Asia Pacific Emerging Markets Regulatory Capital FIG

MD

Morgan Davis

Deputy editor GlobalCapital Asia