Ageas garners demand for tier two

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By Frank Jackman
19 Nov 2020

Belgian insurer Ageas sold its first deal in almost a year this week, with the spread on offer helping to drive demand to more than three times covered.

“The pipeline is looking pretty light, so anything with a bit of spread continues to attract a lot of focus,” said one syndicate banker.

Ageas set out against this backdrop to raise €500m of November 2051 non-call May 2031 tier two debt on Tuesday.

“We knew this trade ...

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