High hopes for Dutch sub debt as AT1 obstacle removed

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High hopes for Dutch sub debt as AT1 obstacle removed

Banks in the Netherlands are expected to finally prepare to print additional tier one capital in 2014, after the country removed the final barrier to issuance by ruling that AT1 instruments will be tax-deductible from January 1. The country’s banks are expected to be joined by Italian names in debut AT1 issuance — but Germany is still yet to resolve the tax issue.

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