TLAC evolution: BoA brings fixed to FRN first
Bank of America set a new precedent for the callable TLAC senior product in euros this week, bursting into the market with a €4bn trade bearing the first fixed to floating rate notes the sector has seen. The structure will come to define the future of the callable market in Europe, writes Tyler Davies.
US banks have used the fixed to
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org