'Astonishing' Allianz brings RT1 market out of the shadows

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'Astonishing' Allianz brings RT1 market out of the shadows

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European multinational financial services company, Allianz logo seen on top of a skyscraper in Midtown Manhattan. (Photo by Alex Tai / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Allianz drew attention to an overlooked corner of the insurance bond market this week, when it became the first household name to sell a restricted tier one (RT1) deal. The arrangers think the roaring success of the transaction will help the asset class to attract a much more mainstream following.

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