PGH proves popular amid lack of RT1 supply

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PGH proves popular amid lack of RT1 supply

Tyler Davies
January 22, 2020 01:00 pm
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Investors flocked to a rare offering of restricted tier one (RT1) capital from Phoenix Group Holdings this week, allowing the insurance company to tighten pricing by 37.5bp. The bonds will form part of the financing for the UK firm’s acquisition of ReAssure Group from Swiss Re.

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Bank CapitalJP MorganNatixisUKEuropeRabobankRegulatory CapitalEMEAHSBCFIG
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Tyler Davies
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