From Investing.com: 2024-05-11 23:25:26

Industrial and Commercial Bank of China to issue $4.15 billion worth of TLAC bonds on May 15, marking the first such issuance by a Chinese bank. Major state-owned lenders facing pressure to raise capital for economy and property support. ICBC to issue 30 billion yuan in bonds to improve total loss-absorbing capacity. Designated as globally important, Chinese state banks must meet stricter global regulatory rules. Five lenders plan to issue a total of 440 billion yuan of TLAC bonds to address capital shortfalls. Fitch Ratings estimates a TLAC shortfall of 1.6 trillion yuan by January 2025 for these banks.



Read more at Investing.com: China’s ICBC to kick off TLAC bond sales with issuance of $4.15 billion By Reuters