Bank of Qingdao hits targets on $1.2bn AT1
Ample demand allowed Bank of Qingdao to price its inaugural additional tier one dollar bond tightly on Tuesday. The deal stood out because of the bigger participation from non-Chinese investors — something that bodes well for the hefty AT1 pipeline.
On a busy Tuesday that saw high-profile deals from the likes of Korea Development Bank, Nippon Life, Softbank and Westpac, as well as China’s ABC International dazzling investors, books were opened for Bank of Qingdao’s Reg S trade.
The outing marks only the second international
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