The document provides an investment recommendation for Aviva, focusing on a corporate credit instrument in the Europe Investment Grade category. It suggests holding the instrument, which is an Upper Tier 2 perpetual bond with a call in November 2018, offering a 3.8% yield. The recommendation is based on Aviva's strong H1 results and moderate business risk, with potential for further yield compression due to refinancing activities.
documents/EFTA01378330.pdf
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