Top Section/Ad
Top Section/Ad
Most recent
Investors saw plenty of juice in first public AT1 from Chile as regulatory framework draws praise
Mexican lender falls short of bond size target as late 2023 momentum fades
◆ US RMBS sales in Europe: immigration or vacation? ◆ UBS AT1 makes nonsense of claims of investor fears ◆ The EU's last hurrah in the SSA market
◆ IG investors comfort eat sweet spreads ◆ What can FIG issuers do now? ◆ US HEI securitizations: mainstream or flash in pan?
More articles/Ad
More articles/Ad
More articles
-
The future of European hybrid capital brightened this week when the European Council opened the door to temporary write-down features for tier one securities under incoming CRD IV and CRR I rules.
-
Banco do Brasil attracted almost a six times oversubscription on Thursday for a ground-breaking $1bn perpetual tier one deal that has been thoroughly future-proofed to comply with Brazil’s anticipated implementation of Basel III legislation later this year.
-
Intense demand for Zurich Insurance’s $500m perpetual issue this week underscored the depth of liquidity available to strong European names in the Asian private banking market. But the deal is unlikely to herald a flood of further hybrid capital supply as banks wait for more clarity on regulations.
-
Strong demand for Zurich Insurance and Banco do Brasil’s deals show the depth of Asian retail demand for hybrid capital trades — but further supply depends on regulatory constraints, say bankers.
-
Investors tendered a third of EFG International tier one bonds eligible for exchange into a Basel III compliant tier two issue, in an offer that closed on Monday.
-
Hybrid capital specialists say strong demand for Zurich Insurance’s perpetual tier two issue bodes well for Asian retail demand for other FIG capital transactions.