BNP Paribas tests the waters for Australian dollar tier-three
- Friday, 10 March 2017
Leads on the first-ever total loss-absorbing capacity (TLAC)-compliant transaction denominated in Australian dollars say domestic interest in the deal was high despite complexities around pricing and other headwinds. Most importantly, they say there was apparent willingness to engage on the so-called “tier-three” asset class and little objection to the use of EMTN format.
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