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
-
Commerzbank on Monday became the first German bank to offer a cash tender on tier one paper on Monday, when it offered to buy back trust preferred securities at deep discounts to par to generate capital.
-
HSBC’s tender offer for the notes in Nemus 2006-1 has attracted little interest, with just £10m accepted for purchase from the £118.5m outstanding. The deal is a synthetic CMBS referencing nine loans secured on London office property.
-
Santander on Monday launched a €2bn prefs-for-equity exchange offer that will create up to 35bp of core tier one capital and give retail investors a chance to get out of an illiquid, outdated product. It follows a similar €3.5bn move two weeks ago by BBVA which gave its preference share holders the option to exchange into a short-dated mandatory CB.
-
EFG International is set to print Europe’s first Basel III compliant tier two securities in exchange for an old note.
-
The Irish Department of Finance has canned an idea to write off Bank of Ireland sub debt hold outs, after an RMBS buyback gained sufficient take-up to cover the capital gap.
-
SNS Bank said this week that investors had submitted 57.05% of the two bullet lower tier two instruments eligible for its exchange.