Issuers forced to press pause on quirkier deals
Aegon decided against coming to the market for its restricted tier one bond this week, after investors looked unlikely to agree with the coupon it wanted. And on Wednesday, ProCredit Holding pulled a trade after announcing initial price thoughts. Negative headlines continue to hurt issuers.
Aegon had been on a roadshow starting last Thursday, looking to sell its euro-denominated perpetual bond with a first call date in 10.5 years’ time. It picked ABN Amro, Barclays, BNP Paribas, Citi and HSBC as arrangers.But amid pessimistic investor sentiment overall ...
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