China's ICBC plans $5.5 bln sale of loss-absorbing bonds, Bloomberg News reports [Reuters]
CITIC SECURITIES UNSP/ADR (CIIHY)
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Source: Reuters
40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on Tuesday. China's biggest bank by assets is working with underwriters including Citic Securities and Haitong Securities on the upcoming sale, according to the report, which cited people familiar with the matter. ($1 = 7.2337 Chinese yuan renminbi) Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Reporting by Disha Mishra in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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