Credit

ING announced today it will exchange the second tranche of EUR 337.5 million of mandatory exchangeable subordinated notes into 13.6 million NN Group ordinary shares.

The London Pensions Fund Authority (LPFA) announced today that it has created a national framework that will allow other Local Government Pension Schemes (LGPS) to select from four alternative credit managers without having to complete a full European tender process.

Unigestion, an institutional asset manager that focuses on providing its clients with a tailor-made range of risk-managed investment solutions, announces the launch of its Private Debt Allocator tool, which identifies private debt opportunities to exactly match clients’ investment objectives.

Fitch Ratings warns of the temptation that fixed income fund managers may have in current market conditions to overreach for yield, potentially loosening credit selectivity and leading to excessive credit and liquidity risk-taking.

Lyxor Asset Management (Lyxor) announces the launch of an ETF that offers investors access to EUR-denominated corporate bonds with the highest sub-investment grade credit rating in order to offer a potential higher yield.