A Dutch pension fund has issued a €1bn corporate bonds tender via IPE Quest.

According to search QN-2818, the pension fund will look to invest 80% in investment-grade credits/covered bonds and 20% in high-yield bonds.

The appointed manager would follow the following benchmarks:

  • 60% Bloomberg Barclays Euro-Aggregate: Corporates Total Return Index Unhedged EUR
  • 20% Bloomberg Barclays Euro-Aggregate Securitized - Covered TR Value Unhedged EUR
  • 20% Bloomberg Barclays Pan-European High Yield (Euro) TR Index Value Unhedged EUR

Participating managers should be able to show a minimum track record of three years (five years is preferred), with a minimum €5bn of assets under management (AUM) for the asset class ($10bn for total AUM).

The deadline for the mandate is 3 April, 5pm UK time.

Separately, a pension fund based in Switzerland is looking for an investment product that invests in long maturity Swiss non-government bonds, in order to target a yield above 1.5% and a duration of approximately 18 years.

As per IPE Quest’s Discovery search DS-2817, participating managers should be able to show strong and long experience in the Swiss bond market (with a good track record in the SBI AAA-BBB Universe) and with AUM in this market of over CHF3bn.

The investment is expected to be CHF400m and to follow the SBI Domestic Non Government AAA-AA 15+ (SAN55T Index).

The deadline for this mandate is 10 March, 5pm UK time.

The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.

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