The Mumble: Issuers can gain by cheapening MTN pricing

January 23, 2012 12:00 AM

After last year’s turbulence widened secondary spreads for many SSA issuers, the question surrounding MTNs is whether those levels need to adjust accordingly. Investors want value relative to secondaries whereas last year they prioritised liquidity and security. Even though some issuers have already heeded that call, they will need to do more.

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