Issuers shun sub market despite Achmea’s barnstormer

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Issuers shun sub market despite Achmea’s barnstormer

Achmea shrugged off a weak credit market on Wednesday to draw a bumper book for its first subordinated deal since 2013, pricing a perpetual deal with a skinny new issue premium. However, the Dutch insurer’s success was insufficient to lure other issuers to sell capital trades of their own later in the week.

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