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Investors saw plenty of juice in first public AT1 from Chile as regulatory framework draws praise
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◆ IG investors comfort eat sweet spreads ◆ What can FIG issuers do now? ◆ US HEI securitizations: mainstream or flash in pan?
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  • FIG
    Caixa Geral de Depósitos’ €750m sub for senior exchange offer could find a strong participation rate, despite the deeply discounted exchange prices, bankers told EuroWeek.
  • FIG
    Banca Popolare di Milano began a review of its governance arrangements in a move that could make a €1.2bn capital raise more palatable for investors and give comfort to the deal’s underwriters. BPM’s announcement followed a meeting last week with the Bank of Italy which has been putting the lender under pressure to make the changes.
  • FIG
    An above-par buyback price helped Standard Life’s cash tender offer achieve a 91% take-up rate against a backdrop of slumping early September markets.
  • FIG
    Banks may be hesitant to launch capital generating buybacks despite a slump in secondary market prices for tier one hybrids over the past week, DCM bankers said this week.
  • SSA
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  • FIG
    Banks may be hesitant to launch capital generating buybacks despite a slump in secondary market prices for tier one hybrids over the past week, FIG DCM specialists say.