Bankers doubted debut euro AT1 was ‘doable’, says Jyske’s Novak

Dagmar Richardt - stock.adobe.com

Despite being a small financial institution issuing in sub-benchmark size, Denmark’s Jyske Bank was able to price its first additional tier one (AT1) deal in euros with the lowest ever coupon rate for a bank in the Nordic region. The deal bodes well for rarer names looking to fill up on regulatory capital.