Global Banks Prepare for Tier 2 Capital Notes Issuance Under Basel III Guidelines

Global Banks Gear Up for Tier 2 Capital Notes Issuance Under Basel III Guidelines A consortium of leading banks, including BBVA, BofA Securities, ING, Mashreq, Morgan Stanley, and Standard Chartered Bank, is set to meet with global investors on February 20, 2024 to assess appetite for USD-denominated Basel III compliant Tier 2 notes. This strategic move aims to bolster the banks’ capital structures and promote financial stability in accordance with the Basel III guidelines. In a move that underscores the evolving landscape of international finance, a consortium of leading banks, including BBVA, BofA Securities, ING, Mashreq, Morgan Stanley, and Standard…