Indian AT1 is coming, but who will buy?

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By Virginia Furness
17 Jul 2014

IDBI Bank is meeting investors to discuss a possible capital bond in a move that has brought Basel III issuance from India into the limelight again. Bankers expect the deal to be an additional tier one (AT1) as Indian banks look to meet tier one ratio requirements ahead of a 2015 deadline, writes Virginia Furness.

If it comes, it will be the first ever Basel III compliant bond issued by an Indian bank in the international market. While the discussions are technically part of a non-deal roadshow organised by Citi and HSBC, the bank is most likely to be testing investor appetite for ...

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