BAYERISCHE Hypo- und Vereinsbank will launch a DM1bn deal early next week that will be the first to benefit from the changes to tier one capital regulations announced by the BIS at the end of October. As a result of the new BIS regulations, HypoVereinsbank will be able to launch a dated, rather than a perpetual issue. Previously, dated issues have only been issued in the US market, where 30 year callable issues -- capital securities -- have been launched.
November 27, 1998