Barclays braves tricky markets with Public Bank hybrid
Barclays Capital has decided to push ahead with a US$400m deal for Malaysia’s Public Bank, a move that looks courageous when the rest of Asia’s DCM syndicate bankers have elected to leave around US$1.5bn of issuance on hold until rocky secondary markets have stabilised. Moreover, Barclays is bringing a product – a hybrid preference share deal – which is challenging even when the markets are in tip-top health, let alone when regional equities are on a roller coaster.
This content is for Subscribers only
To access full IFRAsia.com story content you must be a subscriber. However, if you are not a subscriber and would like trial access to IFRAsia.com, please register here.