Investors dive into insurance hybrids as NN finds €5bn orders

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Investors dive into insurance hybrids as NN finds €5bn orders

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The crowd listens to Republican presidential candidate, Sen. Ted Cruz, R-Texas, speaks during a campaign rally in Lafayette, Ind., Sunday, May 1, 2016. (AP Photo/AJ Mast) | AJ Mast/AP/Press Association Images

Insurers NN Group and Axa tested investors’ appetite for insurance subordinated debt on Tuesday, finding plenty of demand in only the second week of the year.

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