Join DBRS Morningstar on Wednesday, June 7, at 10:30 a.m. EDT for a Frontline Perspectives webinar, “The Future of LRCN Issuances in Canada.” Since mid-2020, Canadian insurers and banks have been issuing deeply subordinated capital instruments targeted to institutional investors, which are known as Limited Recourse Capital Notes and Non-Viability Contingent Capital Additional Tier 1 (AT1) Limited Recourse Capital Notes (together, LRCNs). Recent global market developments, including the banking failures in the U.S. and the wipe out of Credit Suisse’s AT1 notes, have adversely affected the market for new issuances.
In this Frontline Perspectives webinar, Nadja Dreff, Senior Vice President, Head of Canadian Insurance, will be joined by Kris Somers, Managing Director, BMO Capital Markets. They will review and discuss the recent LRCN market developments and provide an outlook for LRCN issuances in Canada.
Date: June 7, 2023
Time: 10:30 a.m. EDT
To register for the webinar, click the link https://www.brighttalk.com/webcast/15677/584375?utmsource=MPR&utmmedium=DBRS&utmcampaign=584375&utmid=7015G00000144RJQAY
DBRS Morningstar uses BrightTALK to host its webinars. There is a free one-time registration required with BrightTALK to access the platform.
If you are unable to participate in the webinar, please note that there will be a replay available under the same link following the event.
For questions regarding this event, please contact firstname.lastname@example.org.
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada
Tel. +1 416 593-5577