China Construction Bank Granted Approval for 700 Billion Yuan Capital Instruments and TLAC Debt Tools

Deep News
04/03

On April 3, the National Financial Regulatory Administration issued a recent approval permitting China Construction Bank to issue capital instruments and total loss-absorbing capacity non-capital debt instruments worth 700 billion yuan or equivalent in foreign currencies. Among these, the capital instruments quota amounts to 450 billion yuan or equivalent in foreign currencies, including perpetual capital bonds and tier-2 capital bonds. The total loss-absorbing capacity non-capital debt instruments quota is set at 250 billion yuan or equivalent in foreign currencies.

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