Insurers liven up sterling in return to sub debt issuance

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Insurers liven up sterling in return to sub debt issuance

Tyler Davies
April 24, 2020 12:00 PM
Sterling_notes_PA_575x375_240420
December 17, 2018 - The pound sterling, whose symbol is £, is the official currency of the United Kingdom, and is the third most-traded currency in the foreign exchange market after the US dollar and the euro. One pound sterling is made of 100 pence (Credit Image: © Shane Wsilly/IMAGESLIVE via ZUMA Wire) | Shane Wsilly/Zuma Press/PA Images

Legal & General and Phoenix Group Holdings have lifted the lid on subordinated bond supply in the sterling market this week, with spreads having drawn tighter despite uncertainty about the impact of the coronavirus pandemic.

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Tyler Davies
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