Bohai Bank to Sell $3.5 Billion in Loans to China’s Bad Debt Managers

(Bloomberg) — China Bohai Bank Co. Ltd. has proposed selling $3.5 billion worth of assets at a discount to bidders including the nation’s bad debt managers via a public tender to shore up capital levels.

The assets, with a principal amount of 25.6 billion yuan ($3.5 billion), will be disposed to potential bidders, including China’s big four bad banks led by China Cinda Asset Management Co. Ltd., according to an exchange filing on Monday.