MREL callables enter mainstream as ING debuts product
ING slapped a one year call option on a senior deal from its holding company on Tuesday — a practice that is rapidly becoming the norm for European banks considering how to meet their minimum requirements for own funds and eligible liabilities (MREL).
It was the first time that the Dutch lender had structured a deal from its holding company to include a call option a year ahead of maturity.This format is growing ...
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