One down, three more to go: ICBC eyes November AT1

By Rev Hui, Virginia Furness
17 Oct 2014

Fresh from Bank of China’s (BoC) landmark $6.5bn additional tier one (AT1) capital transaction on October 15, the market is now shifting its attention to another of the Chinese big four banks, Industrial and Commercial Bank of China (ICBC).

The world’s largest bank is mooted to be next in line on the Chinese AT1 conveyor belt, with market participants saying that talks on a November trade for ICBC have already started.

“ICBC has started talking to some accounts about doing a three trancher — euro, ...

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