China's ICBC to kick off TLAC bond sales with issuance of $4.15 billion

Explore stories from Atlantic Canada.

Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonBEIJING - Industrial and Commercial Bank of China said it would issue 30 billion yuan worth of total loss-absorbing capacity bonds on May 15, marking the first issuance of such bonds by a Chinese bank.

The details features in a bond prospectus released on the website of the Shanghai Clearing House on Saturday. The TLAC bonds, which are not counted in a bank's capital base, can be written off, or converted into common equities, when the bank enters the disposal phase.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rob Shaw: Eby tosses TNT at utility commission’s independence with latest ICBC rebatesPremier's AC/DC-inspired announcement unveils ICBC rebates for 3.5M residents in wake of botched drug decriminalization pilot
Read more »

Les Leyne: ICBC rebate is a good idea because NDP says soA cabinet order coming very shortly will send the rebate idea to the B.C. Utilities Commission and give it 10 days to review whether this is the best possible use of $400 million.
Read more »

Drivers to get $110 rebates from ICBC, basic rate to stay same for sixth yearThe rebates will start going out in late May to all personal and commercial customers who had an active eligible basic insurance policy in February.
Read more »

Les Leyne: ICBC rebate is a good idea because NDP says soA cabinet order coming very shortly will send the rebate idea to the B.C. Utilities Commission and give it 10 days to review whether this is the best possible use of $400 million.
Read more »

Drivers to get $110 rebates from ICBC, basic rate to stay same for sixth yearThe rebates will start going out in late May to all personal and commercial customers who had an active eligible basic insurance policy in February.
Read more »

$110-rebate coming to B.C. drivers by end of July: ICBC CEONo increase in basic insurance rate until at least March 1, 2026
Read more »