Crédit Mutuel Arkéa returned to the Tier 2 market for the first time in eight years in May and was joined by La Banque Postale the following week, with the two financial institutions launching their Eu500m subordinated ...
Arkéa, La Banque Postale return before first non-preferred
Market
Santander on 15 March reopened the Tier 2 market in the wake of the European Central Bank’s boost to its QE programme the previous Thursday, and Commerzbank was able to successfully launch a long-planned Tier 2 benchmark ...
Santander reopens Tier 2 post-ECB, Commerz follows
Market
UBS breathed life into the Additional Tier 1 market on 14 March with the first such issue in more than two months, making a move to sell a $1.5bn AT1 that was bold even if the asset class had been a beneficiary of European ...
UBS unlocks market as AT1 steps back from brink
Market
Deutsche Bank was at the eye of the storm that hit the Additional Tier 1 market in February when its outstanding securities fell to as low as the mid-60s because of fears about its ability to pay coupons, but was able to cap ...
Deutsche gets back on its feet after AT1 blow
Market
Crédit Agricole launched a tender offer for up to Eu2bn of euro and sterling high coupon Tier 2 bonds on 14 March. ...
Crédit Agricole tenders for Tier 2 amid reorganisation
Market
After a handful of deals in September, Additional Tier 1 (AT1) issuance in the last quarter of 2015 was confined to just one benchmark, but market participants said the lack of supply does not hold any negative implications ...
Happy AT1 returns seen despite quiet Q4
Market
Allied Irish Banks on 26 November launched the first Additional Tier 1 transaction in euros in two months, a Eu500m perpetual non-call five deal that came just a week after the Irish bank made its return to the subordinated ...
AIB in two step capital comeback
Market
Banco Santander launched its first subordinated transaction in eight months on 12 November, a $1.5bn (Eu1.38bn) 10 year bullet that represented a return to the US dollar Tier 2 market for the Spanish national champion. ...
Santander returns to US with $1.5bn T2
Market
Assicurazioni Generali on 20 October sold the largest euro-denominated insurance sub debt issue since March, a Eu1.25bn 32 year non-call 12 Tier 2 issue on that attracted almost Eu5bn of demand and helped the sector onto a ...
Generali Eu1.25bn Tier 2 impresses
Market
