CNP blurs lines between sub and senior for popular T3

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CNP blurs lines between sub and senior for popular T3

Tyler Davies
October 12, 2016 01:00 PM
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The crowd listens to Republican presidential candidate, Sen. Ted Cruz, R-Texas, speaks during a campaign rally in Lafayette, Ind., Sunday, May 1, 2016. (AP Photo/AJ Mast) | AJ Mast/AP/Press Association Images

CNP Assurances attracted more than €7bn orders for the first tier three insurance bond in euros. The investor-friendly format offered a pick-up over senior paper, and may have lifted the lid on a cheap source of capital.

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Tyler Davies
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