Phoenix Capital
The company is engaged in issuing bonds and depositing the proceeds with Phoenix.
Analyses on Phoenix Capital (4)
- May 4, 2026
- March 26, 2026March 26, 2026
- Follow-up
Phoenix Capital Raising: How 2025 Issuance and Post-Balance-Sheet Dividends Move Capital Between Phoenix Insurance, Phoenix Finance and the Issuing Vehicle
The 2025 issues expanded the pipe and the capital layer inside Phoenix Insurance, but March 2026 proved that part of that excess capital was already accessible enough to move up to Phoenix Finance. The protection behind the instruments therefore does not sit in a standalone issu…
- Follow-up
Phoenix Capital Raising: When Series 12 and 18 Actually Defer Coupons or Write Down Principal
Holders of series 12 and 18 are not sitting in just another long bond. They sit in an RT1 layer where coupon or principal deferral can arrive before the 75% solvency line, while principal write-down or conversion sits behind three more severe triggers. The right monitoring lens…
Phoenix Capital Raising 2025: More Regulatory Capital, Almost No Standalone Cushion
2025 strengthened Phoenix Capital Raising as a funding conduit and as a tool for enlarging the group's regulatory capital, but it still built very little standalone protection at the issuer itself. Profit, equity and the balance sheet all grew, yet the real risk and the real sup…
