Asia’s 2020 Callable AT1s: The FAB Non-Economic Precedent
First Abu Dhabi Bank PJSC (FAB or FABUH) surprised credit investors by announcing the call of its 5.25% coupon Additional Tier 1 (AT1) bond on...
508 Views
China Construction Bank: Prospective 10nc5 Tier 2 Bond Is Likely to Be Good Value for the Issuer
China Construction Bank's (CCB) prospective new issue Tier 2 bond is likely to price very close to its existing 2024 callable Tier 2 bond. A flat...
552 Views
Societe General – Business Is Back?!
It should be clear by now that even the Fed is surprised at the pace of recovery, noting specifically the job gains during May. This does not mean...
450 Views
European Banks: Focus on Digital Banking Pioneers Trading at Attractive Valuations
European banks are at the deep value end of the equities spectrum, in the current investment climate We are not, however, consigning the entire...
316 Views
Smartkarma Originals
Bank Contingent Capital & Coronavirus Contagion
When you purchase bank contingent capital, you may marry it for the foreseeable future. Coronavirus contagion is challenging this contractual...
922 Views