Punchy Pru offers generous coupon for flipper bond
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Punchy Pru offers generous coupon for flipper bond

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Prudential plc came to the market on Wednesday for a strategic deal to boost the capital position of a prospective entity it plans to cut loose, M&G Prudential. Those on the buy-side saw the notes as cheap, notwithstanding any extra cost for a clause allowing for issuer substitution.

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