February 2012
Deals of the Year 2011: ICBC (Asia)
In 2011, the CNH market achieved a hectic graduation from nascent wild-west-style market to something approaching maturity and depth. The clearest illustration of this came with a Rmb1.5 billion [$240 million] subordinated bond from ICBC (Asia), owned by mainland banking heavyweight ICBC.
It was full of firsts. For a start, it was the first subordinated bond in the CNH market, and is expected to be followed by more. It was the first subordinated bond from Asia in any market to be Basle III compliant. And it brought 10-year...
More information on deals of the year
The rest of this article is available to subscribers only
Please Subscribe below.
Already a subscriber? Log in here.
Subscribe online today
- Euromoney magazine in print
- Unlimited access to Euromoney.com
- Over a decade of archived content
- All the latest industry news, analysis and commentary
- Access to all our survey and award results
- More than 30 specialist supplements a year
- Personalised email news feeds
Subscribe
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888
