Casino launches in warrants market

Credit tech


Last month, French retailer Casino became the first corporate to launch a credit spread warrant, a securitised credit call option that allows bond investors to buy into to-be-issued ¬400-million of Casino bonds at a pre-determined price.

“Warrants, as such, are well-known instruments. The innovation of this deal lies in its application to the credit spread of the underlying issuer. This is the first time ever that credit options are sold to corporate bond investors,” says Sean Park, global head

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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