China Construction Bank gets regulatory nod to issue tier-2 capital bonds

By Rebecca Melvin

Concord, N.H., May 27 – China Construction Bank Corp. received regulatory approval to issue qualified write-down tier 2 capital bonds that were initially proposed Dec. 20, according to a notice on Friday.

The bank said it recently received approval of the issue from the China Banking and Insurance Regulatory Commission.

After completion of the issuance, the bonds will be traded in the domestic inter-bank bond market.

The bank is based in Beijing.

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