Banque Cantonale de Genève issues LT2 ‘against the odds’

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Banque Cantonale de Genève issues LT2 ‘against the odds’

Banque Cantonale de Genève issued its inaugural lower tier two bullet on Wednesday — a Sfr180m 3.125% seven year — as Swiss cantonal banks look to get on with raising lower tier two debt now that transitionary rules from Basel II to III have been defined while costs are still attractive.

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