HVB readies ERICS tier one issue, learns lessons from jumbo sales

HVB Group is preparing to sell to institutional and retail investors a Eu300m-Eu600m perpetual non-call 10 tier one transaction dubbed ERICS - European Retail and Institutional Capital Securities - via ABN Amro and HypoVereinsbank ABN Amro will market the paper in the Benelux, while HVB will sell to ...