Lucky $888m for Huishang’s inaugural city bank AT1

dollar pile px230
By Addison Gong
10 Nov 2016

Investors had the opportunity to buy an additional tier one offering from a Chinese city commercial bank for the first time last week, with Huishang Bank Corp selling its debut dollar-denominated bond.

“We have seen the development of the AT1 market," a syndicate banker on the deal said. "A few years ago, it started with the big four banks. Last year or so, the market evolved with the asset managers coming in. 

“The next step is not just for the top ...

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