CNP adds to flurry of green T2s from insurers
CNP Assurances won healthy demand for a green tier two capital bond issue this week, as insurance companies begin to embrace the idea of printing capital instruments as socially responsible investments.
The French insurer was marketing a long 30 year non-call 10 deal. Leads Bank of America, Crédit Agricole, HSBC, JP Morgan, Natixis and Société Généralewent out with price thoughts of 220bp area over mid-swaps on Wednesday.Demand for the securities grew quickly and steadily. ...
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