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de Volksbank N.V. : Credit update following recent green Tier 2 issuance
de Volskbank (dVB) issued on 16 July the first green Tier 2 bond by a European bank. This provides us with the opportunity to catch up on the credit and undertake an update on a name which could, market conditions permitting, consider tapping the market again with inaugural issuances in coming months (Senior Non-Preferred, AT1) to streamline its liabilities and capital structure, although there is no urgent need to do so. A new CEO will join the bank shortly and dVB intends to p...
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