Bank of China picks banks for debut tier two bond

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By Virginia Furness
28 Aug 2014

Bank of China has held a beauty parade for its inaugural Basel III compliant tier two offering this week and is understood to have mandated three banks for the offering.

BoC will become the fourth Chinese bank to raise dollar tier two capital under Basel III regulations. China Construction Bank Asia sold a $750m 10 non call five earlier this month. ICBC Asia and China Citic Bank International have also issued deals.

The move marks a ...

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