ABN in Eu3bn LT2 exchange ahead of Basel III

13 Apr 2011

ABN Amro has launched an exchange of Eu2.8bn equivalent of tier two bonds as it prepares for implementation of Basel III.

The Dutch bank is offering holders of six tier two securities denominated in dollars and euros an exchange for new 10 and 11 year bullet subordinated issues.

The issues up for exchange are likely to lose tier two eligibility under Basel III rules, which is why the bank ...

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