Bank of China issuance not ‘sufficient’ to cover TLAC needs
Announced issuance still only a fraction of total bail-in debt needs for Chinese G-Sibs
Bank of China’s plan to issue 150 billion yuan ($21 billion) of bail-in debt instruments doesn’t cover its needs for 2024, analysts warn, and four other Chinese global banks have yet to unveil their issuance schedules at all.
Bank of China – one of the country’s five global systemically important banks (G-Sibs) – published a press release on its website on January 26 indicating it will issue total
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