KBC expected to opt for permanent write-down for Coco
Belgium’s KBC Bank is expected to emulate Barclays and choose a permanent write-down structure when it prints its non-dilutive contingent capital note, which could hit the market in just over a week’s time. The issuer takes to the road in Europe and Asia next Monday to meet investors in advance of the transaction, which will help it repay its state aid early.
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