Cinda AM hires banks for US dollar Additional Tier 1 bonds

September 22, 2016 1:26 AM

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HONG KONG, Sept 22 (IFR) - China Cinda Asset Management , rated A3/A-/A, has named Bank of America Merrill Lynch, Cinda International, BOC International, Goldman Sachs, HSBC and Credit Suisse as joint global coordinators for an offering of US dollar-denominated Additional Tier 1 notes.

It would be the first of China's four state-owned bad-loan managers to sell regulatory capital in the offshore bond market.

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