Hybrids, tier twos in sight for FIG borrowers
FIG issuers are studying their options for issuing subordinated paper and hybrid capital, driven by changing regulations and growing concerns over asset encumbrance, bankers said on Wednesday.
While there is little solid pipeline yet, FIG bankers say banks and insurers are increasingly looking at tier two and tier one issuance.
Munich Re is the latest borrower to approach the subordinated debt market: the German insurer said on Monday that it will roadshow
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