Bank of China is seeking to raise $3.69 billion through the sale of 15-year subordinated notes, The Wall Street Journal reports. The bonds will be sold on the domestic interbank market with an aim to increase the bank’s capital.
The bank may increase the offering by up to $1.23 billion depending on the demand. BOC International (China) is the book-runner of the deal.
Click here for the story from The Wall Street Journal.