Athene plots euro curve after record growth in Fabs

By Tyler Davies
26 Aug 2020

US insurance company Athene Holding this week sold its second funding agreement-backed security (Fabs) in euros, just a couple of months after making its debut in the currency.

Athene picked Barclays, BNP Paribas, Deutsche Bank and HSBC as bookrunners for the €500m five year deal. 

They set out with initial price thoughts in the 165bp area over mid-swaps on Wednesday, amid a flurry of other deals from corporate and financial issuers. 

Despite having to ...

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