ICBC initiates TLAC bond sales with $4.15 billion issue
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Published May 12, 2024 at 09:48 IST

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.

Reported by: Business Desk
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Industrial and Commercial Bank of China
Industrial and Commercial Bank of China | Image: Reuters Photo
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May 12, 2024 at 09:48 IST

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