Allianz attracts huge following for long-awaited RT1

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Allianz attracts huge following for long-awaited RT1

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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

German insurer Allianz was met with a wall of demand for its debut restricted tier one (RT1) bond this week — a deal that could play an important role in the development of the asset class.

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