Pru banks turn to retail for $5.4bn hybrid sale

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Pru banks turn to retail for $5.4bn hybrid sale

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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.

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