Shinsei buybacks mean no bank capital deals
Shinsei Bank plans to boost is capital ratios over the next financial year but is unlikely to sell subordinated bonds to do so, Rahul Gupta, the bank’s chief financial officer told EuroWeek on Wednesday.
Shinsei said this week it had bought back dollar and yen-denominated tier one perpetual securities worth $119m and ¥3.1bn ($33m) between October and March, continuing a programme of buybacks as it looks to manage its regulatory capital.
"We did a series of capital issues in 2005 and 2006,
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