Rabo, SEB fire off tier two trades as banks lose their patience over capital regs

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Rabo, SEB fire off tier two trades as banks lose their patience over capital regs

Fed up with waiting for clarity over capital requirements and under increasing pressure from bondholders, European banks this week opened the floodgates for subordinated debt issuance, with three institutions launching tier two deals and more gearing up to print, writes Will Caiger-Smith.

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