The issuance of Hybrid Capital, or subordinated bonds, is well-established amongst banks as a way of raising capital without impacting on existing shareholders and bondholders. In the case of financial institutions, it is frequently referred to as ‘innovative tier one capital’. Insurance companies too have increasingly used hybrid capital but it is only in recent years that issuance amongst corporates has grown substantially.
by Helen Sanders, Editor
by Christoph Klaper, RZB Group
by Scott Sprinzen, Scott Bugie, Solomon B Samson, Standard & Poor’s
by Anders Aslund, Corporate Risk Advisory, and Mireille Meens, Head of Corporate Risk Advisory Benelux, Commerzbank
by Mark Allen, Head of International Cash, Goldman Sachs Asset Management
by Sarah Boyce, Director of Treasury, Cadbury Schweppes
by Brent Bellm, Managing Director, Europe, PayPal
by James Cornell, Treasurer, Arlington Securities
by Luc Caulier, CEO, Supply Chain and Cash Management
by Helen Sanders, Editor, TMI
Gianfranco Tabasso, Chairman, EACT Payment Commission
by Jean-Yves Dopchie, Secretary General, Forum187
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