Insurance companies have been more active in the market for credit and government bond repacks this year with their quest for yield leading to a rise in issuance.
Repackaged structured notes have increased their popularity over the last two years as insurance companies seek to boost returns and offer more competitive policies to customers, according to Nomura. We have also seen a remarkable increase in activity around rates products and credit linked notes from high-net-worth investors via private banks - Marco D'Agostino The Japanese bank which has set a 20% revenue growth target for its global markets arm noted in a recent update that the SPIRE repa
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