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News in brief: Axiom European Financial Debt, Smurfit Kappa, ITE, Victrex, Ceres Power, VP, Private & Commercial Finance

Bank hybrid fund launch Investors keen to invest in high yield subordinated bank debt could investigate Axiom European Financial Debt, which will soon join the stock market. The Guernsey-based closed-end fund will buy ‘hybrids’, bonds which convert into equity if a bank’s capital buffers fall below required levels. The fund is aimed at institutions and sophisticated ...
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