HK subsidiary of ICBC to offer Basel III-compliant US$ bonds

Will break new ground.

Bonds denominated in the U.S. dollar and compliant with the Basel III capital requirements will soon be offered by a subsidiary of Industrial & Commercial Bank of China (Asia) Ltd. based in Hong Kong.

The terms of the bond offering, however, and its scope, have not yet been finalized, reported The Wall Street Journal. Regional banks only sell bonds denominated in local currencies. An offering of dollar-based bonds could generate substantial visibility and will have global investors as its targets.

Wealthy private investors have been purchasing many of these Basel III-compliant debt-based securities, and bankers have cautioned that their strong desire for these bonds could eventually falter.

Also Read

Krungthai Bank temporarily closes 4 branches due to floods

Bank Negara Malaysia releases policy document on claims settlement practices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit