VIG goes cool on RT1 after bond call

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VIG goes cool on RT1 after bond call

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Palace Belvedere with Christmas Market in Vienna, Austria | diyanadimitrova - stock.adobe.com

Vienna Insurance Group is redeeming a legacy tier one note next month, but does not intend to replace it with a restricted tier one (RT1) bond. Once one Austrian or German insurer issues, others will follow, according to CreditSights.

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