Allianz gets Eu2bn away but softens in secondary
The new Eu2bn 30 non-call 10 year tier two issue for German insurance company Allianz weakened in the secondary market despite the heavy level of oversubscription on the deal. The bonds were 5bp-6bp wider on Wednesday morning, leading some market participants away from the trade to say that the issuer had taken too much out of the market.
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