Published 09:48 IST, May 12th 2024
ICBC initiates TLAC bond sales with $4.15 billion issue
TLAC bonds, which do not contribute to a bank's capital base, can either be written off or converted into equities when the bank enters the disposal phase.
Industrial and Commercial Bank of China | Image:
Reuters Photo
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09:48 IST, May 12th 2024