Blowout book for Zurich but others will wait as regs hamper hybrid bond plans
Intense demand for Zurich Insurance’s $500m perpetual issue this week underscored the depth of liquidity available to strong European names in the Asian private banking market. But the deal is unlikely to herald a flood of further hybrid capital supply as banks wait for more clarity on regulations.
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