Barclays Plc is issuing about $3.9 billion of new contingent capital securities to replace junior notes as the U.K.’s second-largest lender adjusts its capital structure to meet regulatory requirements.
Deutsche Bank AG’s announcement yesterday that earnings will suffer this quarter added to a cacophony of negative news over the past two weeks that’s increasing pressure on the company’s new leadership.
Banco Santander SA and Danske Bank A/S are marketing additional Tier 1 bonds in the busiest week for issuance of the subordinated bank debt since Banco Bilbao Vizcaya Argentaria SA opened the market in April.
The Dutch government is holding up more than $12 billion in potential subordinated-bond sales by the country’s largest lenders. That might make them late for the party in Europe’s fastest-growing market for bank debt.