Allianz completes landmark hybrid debt sale

Allianz, the German insurer has completed a €1.5bn ($1.9bn) sale of perpetual debt - in deal bankers hope will tempt more insurance companies to this niche end of the bond market.

Allianz was able to increase its much-hyped perpetual debt sale from €1bn and price at the tighter end of the indicated range. Bankers said that they received orders for nearly €6bn.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink