CNP Assurances eyes Reg S return but FIG pipeline dry
French insurer CNP Assurances is looking at a possible return to the Asian Reg S dollar market, after bringing its inaugural trade in that market last October. Elsewhere, however, prospects for FIG supply are looking bleak, with recent volatility giving well-funded issuers another excuse to stay away.
CNP has mandated Barclays, BNP Paribas, Citi, HSBC, Natixis and SocGen to organise investor meetings in Hong Kong and Singapore on June 13 and 14. A deal may follow, but a banker at one of the leads said that was far from a certainty given the market backdrop.The ...
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