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Banks raise record $14b offshore

By Wu Yiyao in Shanghai ( China Daily ) Updated: 2014-06-24 07:07:08

Chinese lenders have raised a record amount of funds offshore so far this year, and that trend is set to continue as banks replenish capital to meet regulatory requirements, analysts said.

Data from Dealogic LLC, a financial information platform, showed that domestic lenders have so far this year raised $14 billion offshore through bond issues. Chinese lenders raised about $9 billion in 2013 through bond offerings in overseas markets.

Many issues involve overseas branches or subsidiaries of Chinese banks offering bonds in overseas markets.

Banks raise record $14b offshore

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