Chong Hing eyes sub-to-senior LT2 bond
Chong Hing Bank could sell a lower tier two bond featuring a novel 'regulatory switch' structure, turning the subordinated deal to a senior issue if bank capital regulations change. The structure was used by Crédit Agricole earlier this month, but it will be the first time it has been tried in Asia.
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