BNP Paribas finds value in high-priced insurer’s bonds

Credit research recommends Direct Line's 2042 bonds despite current price tag 

Comment by: Anonymous. Posted 9 years ago [2014-07-01 02:05:34]

Is there a (UK) tax treatment difference between interest income and principal gain/loss that would explain the perceived wider spread? That would be a good guess for US tax law.