Credo Bank places $10 million in perpetual AT1 bonds
Credo Bank has placed $10 million in perpetual subordinated Additional Tier 1 (AT1) bonds. BMG reports, citing the transaction participants, that the private placement was supported by TBC Capital.
Institutional investors subscribed to 54% of the issue. The remaining 46% went to sophisticated private investors. It is Credo Bank's first market placement of AT1 capital instruments.
Related directory categories: Banks.
Sources: Source publication.
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