Clause and effect: how bond issuers protect themselves

The largest subordinated deal of April, from insurance group Axa, included several clauses that protected the firm in case of a change in capital regulations, a trend that has been accelerating in bank bonds as well.

Axa issued a €1.3bn ($1.7bn) 30-year bond with a 10-year non-call period

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump