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The bank will be the nation’s first big state bank to sell loss-absorbing bonds to plug a major funding shortfall before a 2025 deadline to meet global capital requirements
Bank of China Ltd.
said it plans to sell up to 150 billion
yuan of loss-absorbing bonds, becoming the
nation s first big state bank to plug a major funding shortfall
before a 2025 deadline to meet. -January 28, 2024 at 11:51 pm EST
- MarketScreener
The lender said it plans to tap both domestic and overseas debt markets to sell a new category of total loss-absorbing capacity (TLAC) bonds, according to a Friday filing with the Shanghai Stock Exchange.