Allianz re-opens insurance perp market with enormous book
Investors piled into the first perpetual subordinated issue from an insurer for several years on Thursday, placing several billion euros worth of orders for Allianz’s perp non-call 10 year trade, despite pricing that was much flat to fair value.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts