ABN Amro finds liquidity in Singapore dollar bond market

ABN Amro wades into the Singapore market with a S$1 billion tier-2 issue as banks look to shore up their capital structures.

ABN Amro finds liquidity in Singapore dollar bond market
ABN Amro proves there is ample demand for European hybrid paper in Singapore

With Basel III around the corner, banks worldwide are looking to shore up their capital. Last night, ABN Amro closed a S$1 billion $822 million tier-2 issue, and proved that there is ample demand for European hybrid paper in the Singapore dollar bond market. The deal attracted a whopping S$17 billion of orders from 170 accounts.

“It was the first public bond deal for ABN Amro in the Sing dollar market, and they achieved cost...

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