Solactive and Axiom AI are pleased to announce the launch of the Solactive AXI Liquid Contingent Capital Global Market TR Index (SOLAXICC), a tailored index for investors that seek broad access to a universe of liquid contingent convertible bonds (CoCos).
The re-statement by Santander's chief executive on the 2018 earnings call on January 30 of the group's existing policy to call hybrid instruments on economic terms seems to have been accepted calmly.
State Street Global Advisors, the asset management arm of State Street Corporation announced the launch of a euro currency hedged share class of the SPDR Thomson Reuters Global Convertible Bond UCITS ETF.
The bonds, issued in an amount of €1 billion, are non-callable bullet bonds and will mature in 6 years. They are rated BBB+ by Standard & Poor's, rank pari passu with the previously issued Tier 2 subordinated notes, and pay a 1.875% fixed rate of interest until October 2022.
Further to the announcement dated 13 September 2016, the Company is pleased to announce that it has issued 4.25% convertible bonds due 2020 (Convertible Bonds) in an aggregate principal amount of EUR 20,000,000 convertible into...