Bocom hires for up-to-$2.4bn Additional Tier 1 offering

May 27, 2015 8:13 AM

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HONG KONG, May 27 (IFR) - Bank of Communications has mandated itself and Deutsche Bank as joint global co-ordinators for an offering of offshore Additional Tier 1 bonds, which could total up to $2.4bn.

The Chinese lender could issue up to $2.4bn in AT1s, since it said in March that it could sell preference shares of up to Rmb45bn ($7.3bn) onshore to not more than 200 investors and up to Rmb15bn offshore.

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