Life left in Asian Reg S market, say bankers

25 Jan 2013

Distribution statistics on recent dollar denominated Reg S hybrid issues are showing a lower participation of Asian investors for subordinated bank debt deals than in the past. But bankers say investors will continue to be enticed by the right names, despite plummeting yields.

Their theory could be tested very soon, as several issuers are understood to be considering tapping the market in the coming weeks. Bankers would not reveal the names of these borrowers, but said that lenders keen to raise tier two capital have been in constant dialogue with investment ...

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