Structured MTN issuance falls
Low market volatility, a fall in Formosa issuance and the introduction of alternative risk free rates have all led to a sharp decline in structured, callable and floating rate MTN issuance, said MTN bankers.
According to Dealogic, the volume of structured MTNs traded year to date has fallen from $9.98bn at this point in 2018 to $4.74bn. The number of trades has dropped by 105, to 108.“As the volatility in the markets is extremely low, the premium you can generate off ...
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