Solid CNP and Allianz sub deals trade up despite softer backdrop

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Solid CNP and Allianz sub deals trade up despite softer backdrop

New issues from CNP Assurances and Allianz performed well in secondary trading on Wednesday, despite an uncertain backdrop which saw equities dive and credit indices widen. CNP found strong Asian support for its inaugural Reg S dollar bond, while Allianz’s transaction was dominated by European real money buyers.

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