FMSB firms up new issue rules
The FICC Markets Standards Board (FMSB) published the final version of its guidelines on best efforts primary market syndications for fixed income in Europe on Tuesday, as it now looks to move on to tackling secondary market impacts of the new issue process.
The principles in the guidelines, which were put forward in a draft version last November, cover the best effort syndication process across fixed income, including investment grade, high yield, securitization and emerging markets.The principles are aimed at improving transparency throughout the syndication process, from the awarding of ...
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