New rule powers big bid for Alliander hybrid refi

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New rule powers big bid for Alliander hybrid refi

S&P Green Light
Standard & Poors's headquarters in Lower Manhattan in New York is seen on Saturday, August 6, 2011. The credit rating agency recently downgraded China's creid rating due to rising debts. (Photo by Richard B. Levine) | Richard B. Levine/SIPA USA/PA Images

Two weeks after rating agency S&P softened its stance on the early refinancing of hybrid instruments, Dutch energy distributor Alliander became the first issuer to take advantage when it sold a successful hybrid deal alongside a tender offer for a hybrid bond it issued just over four years ago.

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