Vivat RT1 rips 60bp tighter on Anbang sale reports

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Vivat RT1 rips 60bp tighter on Anbang sale reports

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Chinese office workers leave Anbang Insurance's (AD) China headquarters in Beijing on June 14, 2017. AD's chairman and insurance mogul Wu Xiaohui was reported detained in China's continued crack down on corruption, according to a major Chinese magazine. Photo by Stephen Shaver/UPI | STEPHEN SHAVER/UPI/PA Images

Restricted tier one bonds sold by Vivat, the Dutch insurance company, were zipping tighter in the secondary market on Tuesday, following reports that its Chinese owner Anbang Insurance Group was looking to open a sales process for the firm.

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