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P-cap for Pemex as SSAs zero in and insurers prep to print

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Manage episode 497746746 series 2950782
Content provided by GlobalCapital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GlobalCapital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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◆ Mexico throws Pemex innovative debt lifeline

◆ Callable ZCs in vogue for public sector issuers

◆ Why ECB regs update will drive insurance capital issuance

Pemex, Mexico's state-owned energy company, is a storied bond issuer. But lately it has been in a spot of bother. We explain what has been going and what an innovative bit of financing organised by the Mexican government this week — a P-cap — will do to ease the company's debt burden.

Meanwhile, a particular group of investors is buying callable structured notes from public sector bond issuers. We reveal who, the market forces driving this trend and what's in it for the investors, issuers and the banks that put them together.

We also discuss the ECB's latest regulatory update on what is known as the Danish Compromise. The guidance on this piece of regulation that governs how banks treat the capital of the insurance companies that they own is likely to lead to more issuance. Insurance capital is a small, specialist but popular asset class. We debate whether this will be its lift-off moment.

  continue reading

218 episodes

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iconShare
 
Manage episode 497746746 series 2950782
Content provided by GlobalCapital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GlobalCapital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

◆ Mexico throws Pemex innovative debt lifeline

◆ Callable ZCs in vogue for public sector issuers

◆ Why ECB regs update will drive insurance capital issuance

Pemex, Mexico's state-owned energy company, is a storied bond issuer. But lately it has been in a spot of bother. We explain what has been going and what an innovative bit of financing organised by the Mexican government this week — a P-cap — will do to ease the company's debt burden.

Meanwhile, a particular group of investors is buying callable structured notes from public sector bond issuers. We reveal who, the market forces driving this trend and what's in it for the investors, issuers and the banks that put them together.

We also discuss the ECB's latest regulatory update on what is known as the Danish Compromise. The guidance on this piece of regulation that governs how banks treat the capital of the insurance companies that they own is likely to lead to more issuance. Insurance capital is a small, specialist but popular asset class. We debate whether this will be its lift-off moment.

  continue reading

218 episodes

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