Pru banks turn to retail for $5.4bn hybrid sale
Retail investors and not just institutional buyers could be targeted by underwriters selling down their portion of $5.4bn of hybrid debt to be issued by Prudential later this year, said sources close to the financing. The Pru had said on Monday that the bonds would be targeted at institutional investors.
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