Bankers were expecting 2015 to come to an early end for bank capital transactions after a November resurgence in activity quickly fizzled out against the backdrop of poor sentiment and market participants were again left ...
Hybrids sour into year-end after comeback
News in brief
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
News in brief
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
Bank+Insurance Hybrid Capital – BIHC – was launched in 2014 as the first publication dedicated to this critical asset class.
Produced in association with Crédit Agricole CIB, BIHC was created in response to the ...
Bank & Insurance Hybrid Capital
News in brief