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Using responses of credit default swap indexes to ECB monetary policy announcements, we isolate a novel credit policy component of monetary policy surprises. We examine how such unconventional monetary policy surprises affect investor perceptions of credit risk and the functioning of primary corporate debt markets. Favorable credit surprises cause declines in uncertainty about credit risk and suggest a more stable outlook on its dynamics over the following months. Both net and gross corporate bond issuance increase as a result of favorable credit surprises, with the largest response in investment grade issuance. We argue that this provides evidence for the efficacy of a local channel of unconventional monetary policy. [ABSTRACT FROM AUTHOR]

The Tier 2 issuance increases the Bank's Total Capital Adequacy Ratio to 17.85%, enhancing the Bank's overall capital adequacy [ABSTRACT FROM AUTHOR]

The Tier 2 issuance increases the Bank's Total Capital Adequacy Ratio to 17.85%, enhancing the Bank's overall capital adequacy [ABSTRACT FROM AUTHOR]

The company intends to use the proceeds primarily for capital expenditure [ABSTRACT FROM AUTHOR]

The Board of Directors of the Company at its meeting held on June 26, 2019 has approved the same [ABSTRACT FROM AUTHOR]

The bond issue committee of the board of directors the company at its meeting held on May 28, 2019, completed the issuance and allotment of the same [ABSTRACT FROM AUTHOR]

The issue received an overwhelming response and saw strong interest from investors across Asia [ABSTRACT FROM AUTHOR]