CNP breaks back into Asian market as BPCE reignites tier two
As French bank BPCE brought a gutsy €1bn 10 year subordinated bond on Thursday — the first capital supply from a bank since Société Générale’s underwhelming 10 year bullet at the end of May — its compatriot CNP Assurances was busy reviving the Asian Reg S dollar market, which has gone untapped since UBS’s tier two Coco more than a month and a half ago.
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