Asian sale of Basel III-compliant bond prompts questions

06/30/2013 | International Financing Review (free content)

United Bank of India has sold the first Asian bond that complies with Basel III regulations, but the sale indicates investors might not understand the risk involved. The bond converts to equity if the bank's Tier 1 capital drops below a certain level, which regulators have yet to determine.

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International Financing Review (free content)

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