Lowering the standard
Standard life
It has been variously described as “a shitshow”, “odd” and “a complete misunderstanding of how the bond markets work”. It was a historic moment and one that the bond markets would really rather forget. It was by all accounts the first ever suspension of trading in a corporate bond.
There were two bonds in question: a euro- and a sterling-subordinated issue belonging to Standard Life, Europe’s largest mutually owned life assurance company. The bonds were only suspended for one day, after
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