Bank of East Asia prices debut international sub debt issue

The bank has become the region''s first to use subordinated debt as an acquisition currency, upsizing its dollar-denominated issue on pricing in New York last night (Monday).

While the Development Bank of Singapore (DBS) has twice used subordinated debt to re-balance its capital base, Bank of East Asia's (BoEA's) $550 million deal marks the first time an Asian bank has used such a structure to re-finance capital depleted through an acquisition, in this case First Pacific Bank (FPB).

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media