Investors pour into CCB’s CNH tier twos

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By Rev Hui
06 Nov 2014

China Construction Bank (CCB) priced what was only the second ever tier two bank capital transaction to be issued in offshore renminbi (CNH) this week. The November 5 trade proved to be a hit with investors, even though they had trouble finding comparables for it.

Joint global co-ordinators CCB International, Goldman Sachs and HSBC chose a busy day to launch on Wednesday, with a slew of other deals (see separate stories) from Bank of China, ICBC New York, Shandong Shipping and JSW Steel all slugging it out at the same time.

“The deals ...

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