Tag: tier

OCBC, Singapore's third biggest lender, finds solid European demand for an issue of callable lower tier-2 subordinated bonds with a step-up coupon. Philippine domestic bank to issue hybrid tier 1 deal to bolster capital under new accounting standards. Trio take Singapore''s second largest bank to overseas investors with a perpetual non-call 10 deal. JPMorgan takes its second Taiwanese bank to overseas investors. A foreign strategic partner can be a good start to reforming a bank, but Mainland Bank need to provide the right information says ING executive. The Newbridge controlled bank braves US spy planes and the postponement of a sovereign issue to price its debut international sub debt issue. The Singaporean bank is expected to launch roadshows on Monday for an S$300 million ($172 million) tier 1 capital issue. The Korean bank brings the world''s first non investment grade rated tier 1 deal. Hana Bank wins the race to become the first Korean bank to issue a hybrid security with presentations starting today in Hong Kong. Korea Exchange Bank (KEB) has issued the country''s first RFP for a hybrid tier 1 issue, joining Hana Bank, which is already planning a deal via Morgan Stanley. The 52.2% government-owned bank returns to the subordinated debt markets for the first time in seven years. One of Hong Kong''s smallest banks by assets, Citic Ka Wah is hoping to finance its expansion plans with a $250 million subordinated debt deal. DBS closes the books on its latest $850 million bond issue - a deal that had to get done. Bank capital securities are capturing the attention of Asia''s higher rated banks, with DBS, Maybank and OCBC all preparing to bring deals over the next couple of months. After a change in regulation last year, Thailand''s banks can issue upper tier 2 debt. Only one has so far. More are set to follow. Hanvit Bank is considering a bold and some might say rash move to meet its capital adequacy ratios by issuing tier 1 equity.