Fortis finds retail friends

Fortis Bank will, in most likelihood, provide the focus of the week in Europe for financial institutions. The issuer is in the process of marketing an Asian/European tier one perpetual non-call August 2013 retail transaction via Fortis, Merrill Lynch and Morgan Stanley. To find out if demand justifies a pricing at the tight end of the 8.25%-8.5% guidance, read EuroWeek this week.