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  • FIG
    Shinsei Bank intends to buy back its dollar denominated perpetual preferred securities at a discount to par, it said on Wednesday morning. It hopes to boosts its core tier one ratio through the offers.
  • FIG
    Vienna Insurance Group has mandated BNP Paribas and Erste Group for a 30 year non-call 10 tier two equivalent deal. The issue will be launched after a roadshow that runs from November 16-18.
  • FIG
    Zurich Insurance issued the first Swiss franc hybrid on Monday rated by a credit rating agency, pulling in Sfr575m at the tight end of the 4.25%-4.5% guidance.
  • FIG
    Two holders of Irish Nationwide Building Society’s 2016 lower tier two bonds have started proceedings against the institution and the trustee of its EMTN programme, the company said in a stock exchange statement on Friday.
  • FIG
    Rabobank priced the tightest 10 year bullet lower tier two of 2010 this week as investors rushed to get their hands on rare double- A rated bank subordinated debt. The issuer priced a Eu1bn deal at 112bp over mid-swaps via Barclays Capital, Citi and Rabobank.
  • FIG
    Helvetia Insurance issued a Sfr300m hybrid capital deal on Wednesday, the first ever Swiss domestic hybrid from a financial institution — and the first with no step-up.