ICBC plans $5.5bn TLAC bond sale as Chinese lenders meet global regulatory requirements.
China's largest state-owned bank, Industrial and Commercial Bank of China (ICBC), plans to issue up to $5.5 billion of total loss-absorbing capacity (TLAC) bonds, marking the first such debt sale from Chinese lenders. The sale aims to bolster ICBC's capital in line with global regulatory requirements, following weak earnings and rising levels of bad loans in China's banking sector.
April 09, 2024
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