CNP eschews call option for tier two
MILAN KUBICKA/milankubicka - stock.adobe.com
CNP Assurances came to the market on Friday with a tier two deal, using the bullet format like Assicurzioni Generali did earlier in the week. The issuer chose this structure to get a better price and more investor interest, but one research house suggested that a tier three trade would have made more sense.
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