China Construction Bank Corp., the country’s second-biggest lender, is planning to issue an offshore bond to help it meet tougher capital requirements and diversify its investor base, the Wall Street Journal reported Thursday, citing people familiar with the situation. CCB hasn’t decided on the size of its offering or the currency, the report said. The bank is considering a yuan-denominated offering but the small pool of the currency outside China would limit its size, so it may opt for dollars, the report said. CCB’s move comes at the early stage of what is expected to be a multi-year wave of international bond issuance by Chinese lenders, which are facing slower earnings growth and need to raise capital and strengthen balance sheets ahead of a projected rise in bad loans, the report said.
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