Huishang lays foundation for city bank AT1s

dollar px230
By Addison Gong
03 Nov 2016

China’s Huishang Bank Corp rolled out its inaugural dollar-denominated additional tier one bond on Thursday, the first from a city commercial bank in the country.

Initial price guidance for the perpetual non call five was released at the 5.75% area in the morning local time by joint global co-ordinators BOC International, CCB International, Deutsche Bank, Haitong International, HSBC and UBS. The leads revised guidance to 5.5% (the number) later in the afternoon when ...

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