Dah Sing prepares new lower tier 2 sub-deal

Hong Kong bank gets set to price third subordinated deal in two years.

Dah Sing Bank has hired HSBC to sell a new $150 million lower tier 2 subordinated offering. The deal will have a 10-year no-call five year maturity, and could be completed either later this week or early next week.

The borrower will hold individual meetings with investors throughout the week.

Obvious comparables for the new deal are its two existing subordinated transactions. Last year the bank sold a lower-tier 2...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...