Bank of East Asia begins roadshows for debut sub debt issue

A key benchmark for Asia''s newly emerging sub debt sector should be set late next week with the pricing of a $500 million issue for Hong Kong''s fourth largest bank.

In addition to providing the international debt markets with the year's first transaction from Asia, BoEA's 10 non call five deal also heralds what is expected to be a series of offerings from the region's better rated banks, as they seek to adopt more efficient mixes for high capital adequacy ratios.

For BoEA, the lower tier 2 deal will enhance the bank's return on equity and also reboot capital adequacy ratios that fell following its acquisition of First Pacific Bank FPB. Roadshows for the 144a registered deal began in Singapore on Monday, moving to Hong Kong for Tuesday and Wednesday.

The...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222