SRLEV revives tier two in busy FIG market to print Eu400m
Dutch life insurer SRLEV took advantage of a blossoming FIG market to print a Eu400m tier two issue on April 8, after raising a Eu600m order book.
Lead managers Citi, Morgan Stanley, SNS Reaal and UBS priced the trade to yield 9%, in line with guidance. The 30 year non-call 10 deal, which was priced at par, was seen trading at one to three eighths above that on Monday morning.
The deal came in a
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