BoCom To Raise $4.1B In Note Sale

Bank of Communications is looking to raise $4.1 billion through a sale of subordinated bonds.

Bank of Communications (BoCom) is looking to raise $4.1 billion through a sale of subordinated bonds, Reuters reports. The yuan-denominated notes may include bonds with 10-year and 15-year maturities. The China’s fifth-largest bank by assets intends to sell the notes in mid-October. Lead underwriters for the offering are China International Capital Corp. and China Construction Bank. Citic Securities and Haitong Securities are joint underwriters.

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