CCB hopes for senior bond pricing uplift on tier two

The offshore subsidiary of China Construction Bank (CCB) has been meeting investors to educate them on its credit as it considers issuing both a debut senior dollar bond and an international tier two Basel III deal. It is unusual for an issuer to market two bonds at once, but bankers on and away from the deal said a senior issue could smooth the way for the bank capital trade — and that other issuers could follow suit, writes Clare Hammond.