Tiers for tiers: Just Group to sell green T2, buy back T3

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By Tyler Davies
06 Oct 2020

Just Group is hoping to strengthen its capital position by issuing a debut green bond in tier two format this week, while also buying back some of its existing tier three notes.

Just Group hired HSBC, JP Morgan and Morgan Stanley as lead managers for the transaction on Tuesday. 

They will host a series of investor calls this week, in which the UK insurance company will discuss its plans for a £250m 10.5 year non-call 5.5 tier two. 

The ...

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