Bankers hope for RAC-eligible perpetuals after SocGen success
An adventurously structured perpetual tier two bond from Société Générale, which gives the bank an equity ratio boost with ratings agency Standard & Poor’s, could open the door for similar deals from other banks looking to bolster their capital structures, market participants said this week, writes Will Caiger-Smith.
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