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Belfius seeks to amend English law T2 for MREL

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By Tyler Davies
03 Mar 2021

Belfius Bank is looking to amend the terms and conditions of one of its tier twos so that it can remain eligible for the minimum requirements for own funds and eligible liabilities (MREL). The bond was issued with risk factor language under English law but will now need to be updated to reflect the UK’s departure from the EU.

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By Tyler Davies
03 Mar 2021