Opinion Investors Cannot Ignore the Debt-Sustainability Question
Despite a pullback in bond yields, clients at our Solving for 2024 event were still uncertain about how to invest in a world of runaway government debt.
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News Sfil Group’s 1st issue in US dollar of the year
With this transaction on a 5-year maturity, Sfil extends its dollar reference curve by a further 2 years and contributes to diversifying its medium- to long-term financing sources after 2 euro transactions launched during the 1st half at 5 and 7 (...)
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Strategy Revisiting bonds for multi-asset
The last decade has seen a growth bias among financial assets, one that has become entrenched in equity indices. At the same time, bonds seemingly shed much of their protective qualities, offering investors very little by way of (...)
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News CNP Assurances successfully launches its first subordinated sustainable bond
A player in ecological and social transition, CNP Assurances announces the successful issue of its first sustainable bond, carried out on January 11, 2023, for an amount of €500 million. The fixed annual coupon is 5,25% until july 18, 2033 and then will be floating beyond (...)
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Opinion A High-Yielding Haven
As an ever-more-aggressive rate-hiking cycle rocks the financial markets, might corporate credit offer a space that is both remunerative and relatively calm? Last week brought the third consecutive 75-basis-point rate hike from the U.S. Federal Reserve. The market had even (...)
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Interview Simon Thorp : « In the Aperture Credit Opportunities fund, we use fundamental analysis as well as quantitative tools »
According to Simon Thorp, Fund Manager of the Aperture Investors SICAV - Credit Opportunities Fund (ACOF), a more inflationary environment has a direct impact on the valuation of its long positions. In such a context, he aims to reduce the duration of our (...)
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News EIF, CDP and Muzinich & Co. enter into a new 150 million euro agreement to support European SMEs and Mid Caps
One billion euro for new growth and financing opportunities to over 100 European SMEs and Mid-Caps affected by the economic impacts of the pandemic.
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News Successful €500m Tier 3 subordinated notes issue
CNP Assurances has successfully completed its first Tier 3 subordinated issue of the year, placing €500 million worth of seven-year notes due 27 January 2029 and paying interest at 1.25%. The notes qualify as Tier 3 capital under Solvency (...)
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News IFC Invests in Bond to Support Access to Affordable Housing in Tanzania
To help increase access to longer-term, affordable mortgages and housing in Tanzania, IFC subscribed to a corporate bond issued by the Tanzania Mortgage Refinance Company (TMRC), which was listed today on the Dar es Salaam Stock (...)
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Opinion Asset-quality Quarterly: brighter prospects for European banks
Credit conditions for European banks are normalising and prospects for the second half of the year look bright. A return to pre-crisis operating income with higher loss absorption buffers accumulated during the crisis will facilitate management of (...)
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