China's Banks That Need Over $600 Billion in New Debt Go Abroad
- Asia lenders may sell at least $100 billion of notes: Barclays
- Chinese banks have biggest pile of bad loans since 2008
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Chinese banks, already the largest issuers of bonds to build capital buffers, are looking beyond the savings of the nation’s 1.4 billion people for more funds as they grapple with mounting bad loans.
The nation’s banks may account for about half of at least $100 billion in dollar notes sold by Asian lenders to meet new capital rules over three to five years, according to Barclays Plc. China’s lenders need to sell as much as $222 billion of notes in any currency that comply with Basel III rules and $379 billion of securities that meet rules unveiled by the Financial Stability Board last month, Commerzbank AG estimates.