Bank of Communications moves early to meet TLAC requirements
China Construction Bank becomes last China G-Sib to release TLAC plans
Bank of Communications has announced an issuance plan for bail-in debt this year, making it the fourth China global systemically important bank (G-Sib) to tap the market.
BoComm aims to issue up to 130 billion yuan ($18 billion) or the equivalent in foreign currencies in non-capital debt instruments, including both domestic and global issuance, according to a statement on March 27. This is designed to meet the regulatory requirements for total loss-absorbing capacity (TLAC).
We expect the big four
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