Bank of China Aims to Boost Debt Team on Offshore Deal Surge
- BOC seeks to hire 20 staff for offshore bond business
- Bank targets tech deals, expects more demand in euro notes
Pedestrians walk past a Bank of China Ltd. branch in Hong Kong.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Bank of China Ltd. plans to expand its headcount in the offshore bond business by 40% as it fights with global banks for a greater slice of a market that’s seen a surge in Chinese borrowers.
The lender is seeking to add 20 more staff to its offshore bond team over the next five years, Hu Kun, its general manager of investment banking and asset management department said in an interview. The bank aims to win more dollar bond deals by Chinese technology giants and also sees rising interest in euro notes by mainland borrowers, he added.