CCB times it to perfection with summer tier two debut

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By Virginia Furness
14 Aug 2014

China Construction Bank Asia (CCB Asia) pulled off a smart move this week, getting ahead of an expected September rush of deals to price its debut Basel III tier two offering on Wednesday. With large volumes of bank capital expected from Chinese banks, getting in early allowed CCB Asia to come inside a rival's curve, writes Virginia Furness.

Analysts are predicting Rmb2.1tr ($341bn) of bank capital supply from Chinese banks over the next two years and CCB Asia was keen to pick up an early mover advantage after meeting investors in Singapore and Hong Kong. 

While there were a few concerns about a weaker market backdrop ...

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