ICICI leads Indian issuers again with T1 blockbuster
Pioneering subordinated debt issues dominated the Asian bond market again this week as India's ICICI Bank launched the country's first international hybrid tier one capital deal and Malaysia's Public Bank sold a hybrid deal with a structure new to Asia. The deals came just a week after UTI Bank issued India's first subordinated bonds in the international market, with a $120m upper tier two issue.
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