RBI uses improved sentiment to push AT1 refi through finish line

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RBI uses improved sentiment to push AT1 refi through finish line

◆ Austrian bank completes strategic capital refi ◆ Investor response show 'no consensus' on pricing for 'very esoteric name' ◆ New deal has lower funding cost than March's pulled attempt ◆ Other debut issuers show deeply subordinated capital remains desirable

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