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Corporate BondsHigh grade and crossover bonds

Hammerson investors cast wide net to find fair value

UK housing construction from Adobe 9Apr20 575x375

Hammerson, the UK property development company, launched a sustainability-linked bond through its Irish subsidiary on Wednesday, hoping to achieve a better cost of funds by printing a deal that was eligible for ECB buying. The still-nascent SLB market gave few comparables for the trade, leaving investors needing a range of metrics to try and determine fair value.

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