SG follows BBVA into AT1 but structure will be simpler
Société Générale is preparing the second new-style additional tier one capital deal since European policymakers agreed on the final Capital Requirements Directive package, which translates Basel III into law, back in March this year. The deal will be the first test of the temporary write-down loss absorption mechanism.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts