Corporate hybrids steal the show

April 2, 2015 1:12 PM

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LONDON, April 2 (IFR) - Corporate hybrid bond issuance reached record highs in March, as cheap funding costs met with insatiable demand for this once niche product.

Euro-denominated hybrid volumes have topped 16bn so far in 2015 and full-year issuance looks well on track to beat 2014's total of 28.5bn. March alone saw the highest ever monthly level with 7.8bn sold, according to IFR data.

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