China CITIC Bank International plans to issue U.S. dollar and offshore yuan perpetual bonds, according to two term sheets reviewed by Reuters on Wednesday.The bank has set an ‌initial price ⁠guidance ⁠at around 5.45% for the U.S. dollar bond and around 2.90% for the offshore yuan bond, the term sheets showed.Both deals are benchmark-sized, which usually means large enough to serve as a pricing reference for other bonds. That is typically ⁠at least $500 ‌million for a U.S. dollar bond, though the term sheets did not give ⁠exact amounts.China CITIC Bank International plans dollar, offshore yuan perpetual bondsChina CITIC Bank International plans to issue perpetual bonds in US dollars and offshore yuan. Initial price guidance is set around 5.45% for dollar bonds and 2.90% for yuan bonds. These benchmark-sized deals will strengthen the lender's capital base and absorb potential losses. The bank will hold a global investor call later today for these securities. Proceeds from the bonds will fund general corporate purposes after a five-year redemption period.The bank plans to hold a global investor call later on Wednesday, according to a deal update seen by Reuters. The bonds may be priced as early as Wednesday.The securities are additional tier 1 bonds, which are a type of ‌bank debt that helps strengthen a lender's capital base and can absorb losses if the bank runs ⁠into serious trouble.The bonds can be redeemed by the bank after five years, on July 22, 2031. The proceeds will be used for funding and general corporate purposes.China CITIC Bank International did not immediately respond to an emailed request for comment.