Republic New York Corp. startled the capital markets last week by issuing $250 million in 100-year subordinated debt.

It was the first time a domestic U.S. bank has issued a security with such a maturity.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.