Formosa and FIG MTNs on course for big 2020
MTN bankers are tipping Formosa and senior non-preferred debt for big things in 2020. Both markets, along with MTNs as a whole, have had an underwhelming year as issuance failed to live up to the promise of a busy 2018.
Last year’s medium-term note (MTN) issuance was the busiest since 2015 with a final total of $219.7bn. However, two weeks away from the end of the year, MTN volumes sit $30.5bn lower than last year at $189.2bn, according to Dealogic.“I imagine we have reached a point where ...
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