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Belfius Bank inaugurated Belgian senior non-preferred debt with a Eu750m five year deal on 5 September that attracted EUR2.3bn of demand from 150 investors. Ellen Van Steen, head of long term funding at Belfius, discusses ...

Belfius EUR750m inaugurates Belgian senior non-preferred

Q&As

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Caixa Geral de Depósitos in March completed possibly the most anticipated Additional Tier 1 issue of the past year, in a deal that was key to unlocking an EC-agreed recapitalisation and restructuring plan, and which ...

CGD: AT1 unlocks the future

Q&As

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CNP Assurances launched the first Tier 3 transaction under Solvency II in the euro market on 12 October. Here, Jean-Philippe Médecin, director for ALM and funding, and Stéphane Trarieux, funding department, at the French ...

CNP Assurances: Tier 3 open for business

Q&As

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Woori Bank launched the first foreign currency perpetual Basel III-compliant AT1 from South Korea on 20 September, a US$500m perpetual non-call five deal. Here, Young Ho Suh, executive (pictured), and Hee Seung Yea, team ...

Woori Bank: Perpetual first

Q&As

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Axa reopened the euro hybrid insurance sector on 23 March to sell its first new subordinated issue since 2014, a Eu1.5bn 31.25NC11.25 Tier 2 deal. Here, Nicolas Benhamou-Rondeau, Axa head of funding and capital markets ...

Axa: Quality return after volatility

Q&As

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Belgium’s Belfius Bank launched its first Tier 2 transaction on 28 April, a Eu500m 10 year bullet. Here, Ellen Van Steen, head of long term funding at Belfius, explains how the debut fits into and builds on the bank’s ...

Belfius: Stepping into Tier 2

Q&As

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Italy’s Intesa Sanpaolo led the short-lived reopening of the bank capital market in the opening weeks of 2016 with $1.5bn Tier 2 and Eu1.25bn AT1 benchmarks. Here, head of treasury Camilla Tinari, explains the issuer’s ...

Intesa Sanpaolo: At the vanguard

Q&As

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Pioneer Investments has launched a new fund into the burgeoning but turbulent subordinated bond markets. Pioneer portfolio manager Vianney Hocquet explains how, leveraging off the firm’s experience in the asset class, the ...

Pioneer: In at the deep end

Q&As

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Having been a pioneer of Additional Tier 1, Banco Popular Español has lived the ups and downs of the asset class since its birth in 2013. Here, Francisco Sancha, CFO at Banco Popular, shares his views on the market’s ...

Banco Popular: Ahead of the game

Q&As