Pohjola raises T2 hopes, but regulatory worries remain
More European banks may look at issuing tier twos after Pohjola Bank printed a €500m bullet this week, but regulatory uncertainty is still concerning some.
The Finnish bank followed its larger regional counterpart, Nordea, which sold a 10 year non-call five tier two transaction three weeks earlier. Pohjola opted for a slightly different structure, with no call option at the five year point, although it does have a regulatory call option at 101%
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