Updated: ICBC gears up for landmark triple-currency AT1 this week

By Rev Hui
25 Nov 2014

Bond investors are facing yet another blockbuster bank capital deal just a month after Bank of China’s $6.5bn additional tier one (AT1) with Industrial and Commercial Bank of China (ICBC) set to launch its own trade later this week. While ICBC is likely to lose out in size, it is planning to steal the spotlight by executing a triple-currency transaction including a record beating offshore renminbi offering.

[Update: Originally published on at 05:10 on November 25. Updated to include roadshow schedule.]

BoC’s trade last month was undoubtedly a headline grabber with plenty of firsts such as being the largest bank capital bond globally, the first bank capital trade issued directly from the onshore parent of ...

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