Citic Bank shrugs off market woes to net $500m from AT1

Rashmi Kumar

September 30, 2016 07:30 am

citic px23- — FILE - In this Wednesday, Aug. 26, 2015 file photo, elderly Chinese women walk near the logo for Citic Securities in Beijing. Shares in Citic Securities Ltd. and Guosen Securities Ltd., both declined by the 10 percent daily limit in trading in China Friday, Nov. 27, 2015, after both said that they were under investigation for possible violation of securities market rules. (AP Photo/Ng Han Guan, File) | Ng Han Guan/AP/Press Association Images

China Citic Bank International bucked concerns about the health of the European banking industry, driven by Deutsche Bank’s financial troubles, to seal a $500m additional tier one on Thursday.

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CITIC Securities China Citi ICBC Greater China Bank Capital Asia Northeast Asia Asia Pacific Emerging Markets FIG

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Rashmi Kumar