CNP Assurance's pioneering tier three bond in euros this week will have had funding teams at Europe's insurance firms gripped. The French firm's trailblazer in a new asset class has opened an irresistibly cheap source of capital and there is little standing in the way of a flurry of copycat trades, writes Tyler Davies. [ABSTRACT FROM AUTHOR]
PUBLIC finance, BUDGET, PUBLIC debts, BUDGET deficits, FISCAL policy
Abstract
The article reports on the proposed issuance of three European sovereigns for 2016 and their revised funding targets for the fourth quarter of 2015. Topics discussed include the funding plans of France, Germany, and Sweden, the expected decrease in France's 2016 budget deficit, and the decision of Germany to reduce its 2015 funding target by 6 billion euros.
Published
2015
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