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Pimco bets on capital bonds issued by European banks
Published Thu, Aug 20, 2015 · 09:50 PM
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Sydney
PACIFIC Investment Management Co likes bonds designed to become part of European banks' capital cushion in times of stress because it sees little risk that they'll end up being needed to shore up balance sheets.
The company, which manages about US$1.5 trillion in assets, is attracted to the additional yield offered by capital instruments…
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