In the present review we have carried out an analysis of the global perpetual bond
market, found out what risks and opportunities are carried by perpetual bonds
and offered the most interesting investment ideas.
Indorama Ventures Public Company Limited (IVL), one of the world s largest vertically integrated polyester chain producers, has successfully completed the transaction for its first issuance of perpetual bonds
with total amount of THB 15,000 million.
The Additional Tier 1 perpetual bond
will further strengthen the bank's capital position and is aligned to the Bank's objective of maintaining strong financial ratios to support the successful execution of its strategic growth objectives.
airberlin has successfully implemented its previously announced recapitalisation programme, through the issuing of new bonds alongside the 300 million euros convertible perpetual bond
placed to Etihad Airways.
Russian lender Gazprombank has instructed its banks to set up meetings in view of a proposed subordinated perpetual bond
offering, according to unnamed bank sources.
They also voted in favour of issuance of a Tier 1 perpetual bond
programme at a maximum amount of $2 billion at the annual ordinary general meeting (AGM) and the extraordinary general meeting (EGM) held today in Abu Dhabi.
Thailand's PTTEP plans dollar perpetual bonds
Bangkok: PTT Exploration & Production Pcl is marketing the first dollar-denominated perpetual bond
for a Thai company in eight years as borrowing costs hold near the lowest in 12 months.
Global Banking News-February 28, 2012--Banco Do Brasil plans reopening of perpetual bond
issuance(C)2012 ENPublishing - http://www.
Doha Bank seeks nod for perpetual bond
issue Doha Bank plans to issue a 2 billion riyals ($549 million) Tier 1 perpetual bond
by the end of the first quarter 2014 to support the lender's growth.
The perpetual bond
should boost DIB's Tier 1 ratio to 18.
A perpetual bond
has no fixed maturity date, while a hybrid security has features of both debt and equity instruments.
VTB said on July 23 that its perpetual bond
would allow the group to increase Tier 1 capital both under Russian Accounting Standards and International Financial Reporting Standards.