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EFG PONV success as investors rush to liability management exercise

21 Dec 2012

Investors have flocked to EFG International’s buyback of a hybrid tier one note, tendering 91% of the securities to the offer at the early deadline. The strong take-up means the bank is likely to be able to insert point of non-viability loss absorbency language into the rump, as well as generating core tier one capital.

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21 Dec 2012