Treasury Today Country Profiles in association with Citi

The cheapest money you’ll ever raise

In the current environment, commercial paper (CP) issued by corporates really hits the sweet spot as far as asset managers are concerned. The debt instrument allows them to tailor their maturity profiles and protect their capital at the same time. “CP stands pari passu with senior bonds in terms of seniority in the capital structure. We would love to buy more corporate CP, but the current market is dominated by the financials,” explains an analyst from a leading asset management company.

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