Dollar market laps up foreign banks' subordinated debt

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Dollar market laps up foreign banks' subordinated debt

Views of Lower Manhattan and New York from the Brooklyn Bridge during summertime, New York, USA

◆ SocGen and especially UBS garner huge demand for high yielding AT1s ◆ Red-hot interest suggests more European banks could issue in subordinated Yankees ◆ HSBC and BBVA raise $2.75bn in tier two

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