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  • FIG
    Insurer Old Mutual has increased the buyback of its Eu750m 4.5% 2017 tier two bond after investors put forward 97% of the issue for the cash tender offer. The insurer increased the buyback amount to Eu550m from an initial target of Eu500m, after investors tendered Eu727.5m of bonds.
  • FIG
    The unattractive pricing on Banco Espírito Santo’s sub to senior exchange offer, which was structured to comply with regulatory requirements, may still attract investors, bankers said this week.
  • FIG
    Banco Espirito Santo’s unattractively priced sub to senior exchange offer is structured to comply with regulatory requirements, a banker familiar with the transaction told EuroWeek.
  • Singaporean banks face tougher bank capital regulations than their peers in Asia, after the country’s central bank released strict new regulations this week. But the top three banks in the country look well-positioned to absorb the new rules, and analysts think it unlikely that any new capital raisings will be needed.
  • Singaporean banks will have to operate under tougher bank capital regulations than their peers in Asia after the country’s central bank released strict new regulations this week. But the top three banks in the country look well positioned to absorb the new rules and analysts think it is unlikely that any new capital raisings will be needed.
  • FIG
    Insurer Old Mutual has increased the buyback of its Eu750m 4.5% 2017 tier two bond after investors put forward 97% of the issue for the cash tender offer.