SNS Bank poised for discounted sub debt LME as capital hunt continues

28 Jan 2013

Dutch lender SNS Bank could launch a liability management exercise on subordinated debt to reduce the size of an expected government capital injection, analysts say.

SNS is looking at ways to enhance and simplify its capital base and to reduce the credit risk in its Property Finance subsidiary, its parent, SNS Reaal, said on Monday.

Private investors are likely to be involved, with a “significant share issue”, liability management exercises, and splitting off ...

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