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  • FIG
    Credit Suisse is all set for a trip around Switzerland on March 5 and 6 to introduce investors to its Swiss franc buffer capital note. If the bank decides to come to the market thereafter, it would be the first Coco in the local currency.
  • FIG
    Royal Bank of Scotland is offering holders of tier two paper coming up for call this year a chance to swap into new notes, in a deal that is designed to improve the quality of the UK bank’s capital as well as being an investor relations exercise.
  • FIG
    Bankers were looking carefully at a retrospective tax rule change in the UK on Tuesday, as the government went on the offensive, saying a bank found a way to avoid a tax bill of around £300m from a below par debt buyback.
  • FIG
    Spain’s Banco de Sabadell launched a long-awaited rights issue on Monday evening, setting out to raise €913m to give it the balance sheet strength to take advantage of its recent acquisition of Banco CAM.
  • FIG
    Failed Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) launched a buyback of tier two paper on Friday, in a deal that is intended to tidy up the lender’s subordinated debt.
  • FIG
    More European banks may look at issuing tier twos after Pohjola Bank printed a €500m bullet this week, but regulatory uncertainty is still concerning some.