Deutsche Bank added yet more depth to the burgeoning bank capital market last week with the sale of a brand new structure for Tier 2 debt that should now pave the way for the bank to sell Additional Tier 1 bonds over the next 12 months.
Bondholders are hoping the Co-operative Bank will buy back bonds in the coming weeks, as the troubled lender needs to raise capital amid rising concern that it may be restructured.
Italy needs to change its covered bond law so that the country’s banks can provide cheaper funding to the small and medium-sized enterprises (SMEs) that are the backbone of the economy, bankers said.
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- Deutsche to tap Yankee market for Tier 2 capital
- How many banks does it take to sell a CoCo?
- Bankers push for Italian SME-backed covered bonds
- Co-op downgrade stokes more bail-in fears
- Rabobank shrugs off Co-op downgrade with 2013 fixed rate debut
- Lloyds hires for booming hybrid market