MTNs recovering but still behind last year

By Frank Jackman
02 Apr 2020

The MTN market is picking up as issuers (particularly corporates and SSAs) and investors find opportunities for attractive deals.

“Trades are returning and there are few different bits happening, mainly in SSAs,” said one MTN banker. “We’re not yet back to a fully functioning market. Everything is still dominated by the primary, which is offering significant new issue concessions, especially in corporates.”

A second MTN banker said that, ...

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