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

China Bohai Bank Co. proposed to sell $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 be disposed to potential bidders, including China’s big four bad banks led by China Cinda Asset Management Co., according to an exchange filing on Monday.

The amount the Tianjin-based lender is seeking to sell is 54% more than the 16.6 billion yuan non-performing loans that it reported having at the end of last ...