B&B decision batters sub debt

25 Feb 2009

The subordinated bank market, in particular for UK institutions, took another battering this week following the government’s decision to change the law to allow Bradford & Bingley to defer coupon payments on its lower tier two bonds. Spreads have widened dramatically but to find out what this means for hybrid capital in the future read EuroWeek on Friday.

Hélène Durand +44 207 440 6025

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial