ABN Amro finds liquidity in Singapore dollar bond market

ABN Amro wades into the Singapore market with a S$1 billion tier-2 issue as banks look to shore up their capital structures.

<div style="text-align: left;"> ABN Amro proves there is ample demand for European hybrid paper in Singapore </div>

Denise Wee

October 18, 2012

With Basel III around the corner, banks worldwide are looking to shore up their capital. Last night, ABN Amro closed a S$1 billion ($822 million) tier-2 issue, and proved that there is ample demand for European hybrid paper in the Singapore dollar bond market. The deal attracted a whopping S$17 billion of orders from 170 accounts.

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