Updated: Dah Sing heralds bank capital supply rush

By Addison Gong
10 Jan 2019

Hong Kong’s Dah Sing Bank priced a popular $225m Basel III-compliant tier two deal this week, kicking off what is set to be a critical year for Asia’s bank capital market. Addison Gong reports.

The A2/—/BBB+ rated lender’s outstanding $225m 5.25% 2024 subordinated bond will become callable at the end of this month. To replace those notes, Dah Sing came to the market with a new tier two on Tuesday.

Bookrunners and lead managers Citi and HSBC announced initial guidance for the ...

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