The comeback of corporate hybrids
Boost in products being issued
Gordon Shannon of TwentyFour Asset Management
With September now behind us, colder mornings and darker nights approaching, it seems an opportune time to take stock of how the primary market reopened this year after its traditional summer lull, writes Gordon Shannon, portfolio manager at TwentyFour Asset Management.
For us, one of the standout developments has been the re-emergence of corporate hybrid bond issuance. We have seen little new supply in this part of the market since 2015, when several utilities companies...
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