ASR readies market-opening euro RT1
ASR Nederland picked banks to arrange the sale of a restricted tier one (RT1) note in euros this week, becoming the first insurance firm to consider issuing the rare debt format in a core currency. Investors are hungry for more hybrid capital trades from European insurers, but market participants are unsure whether or not the first euro RT1 will pave the way for a glut of issuance. Tyler Davies reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: