BEST BANK CAPITAL RAISING: ABN Amro’s European record

Deals of the Year

Issuer: ABN Amro
Date: August 1998
Amount: $1.25 billion
Global coordinators: ABN Amro, Merrill Lynch, Salomon Smith Barney

When ABN Amro raised tier-one capital in August to finance its $2.1 billion acquisition of Brazil’s Banco Real it was the first time any European bank had marketed a tier-one instrument to retail investors. Guidelines for synthetic tier-one capital from the Basle committee on banking supervision would not be released until late October, but not only did ABN Amro execute a successful deal, but it was increased to $1.25