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JSC Credo Bank, with the Support of TBC Capital, Placed $10 Million in Additional Tier 1 (AT1) Private Bonds
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JSC Credo Bank, with the exclusive support of TBC Capital, has successfully placed USD 10 million of perpetual, subordinated, Additional Tier 1 (AT1) private bonds. The transaction is the first market placement of Additional Tier 1 instruments for the bank, which was highly sought after by investors. 54% of the placed bonds were purchased by institutional investors, and 46% by sophisticated individuals. The issue will further strengthen the bank…
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