Coventry Building Society issues £400m PerpNC5.5 AT1: Coventry, the UK’s third largest building society, issued a £400m perpetual non-call 5.5 AT1 note, marking the deal as the second to convert into Core Capital ...
In brief: Coventry with CCDS conversion, Intesa, UBS T2 in dollars
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Europe
NordLB issues US dollar T2 notes: On 3 April – after a roadshow taking in London, Singapore, Hong Kong and Switzerland – Norddeutsche Landesbank issued a US dollar 10 year bullet Reg S-only Tier 2 transaction. ...
In brief: NordLB in dollars, plus Tier 2 returns
News in brief
Financial institutions are bringing a new generation of hybrid instruments to market in the wake of the financial crisis and Bank+Insurance Hybrid Capital brings you coverage of this burgeoning asset class.
The ...
Bank & Insurance Hybrid Capital
News in brief