BNP Paribas, EIB and PartnerRe structure longevity bond to hedge pension risks

November 12, 2004 12:00 am

Death and taxes need no longer worry pension fund trustees. That, at least, is the promise held out by a new bond product to be issued by the European Investment Bank, which is designed to help pension funds hedge their liabilities by paying cashflows based on the rate at which old people die.

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