HBOS enters market with subordinated A$600 million
Halifax Bank of Scotland (HBOS) (AA-/Aa2/AA) priced its first Kangaroo on April 20, coming to market with a 10-year non-call five A$600 million (US$498.9 million) subordinated lower Tier II offering.
WIB bullish on hybrids as Swiss Re prices A$750 million T1 issue [UPDATE]
Following the pricing of Swiss Re’s inaugural Kangaroo on April 20 – a T1 perpetual non-call 10 issue – joint lead arranger and joint bookrunner Westpac Institutional Bank (WIB) is confident the hybrid market is set for growth.Moody's reverses re-ratings but doubts remain
Moody’s Investors Service (Moody’s) has lowered its ratings of 44 European banks following what it calls the “refinement” of its bank rating methodology.Shinhan to come to market soon following roadshow
Shinhan Bank (A-/A3/A-) is likely to become the first Korean commercial bank to sell a Kangaroo after completing its roadshow in Sydney, Melbourne and Brisbane on April 19.