Bond

CNP Assurances has successfully placed €750 million worth of notes due 30 June 2051 and paying interest at 2.5% until 30 June 2031. The notes qualify as Tier 2 capital under Solvency II.

Deteriorating collateral values and higher defaults will impair the performance of Irish re-performing RMBS, even if cash reserves are adequate to cover temporary collection delays and liquidity shortfalls related to Covid-19 payment holidays.

The African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.

Swiss Re Capital Markets successfully closed the USD 225 million Series 2020-1 Principal At-Risk Variable Rate Notes transaction issued by Sierra Ltd. on behalf of Bayview’s MSR Opportunity Fund ("Bayview").

The Fund focuses on providing growth financing solutions for European middle-market companies and explicitly incorporates environmental, social and governance (ESG) considerations and monitoring into the investment process.