NatWest sells first structured Sonia deal

By Frank Jackman
11 Jun 2020

NatWest Markets this week became the first issuer to sell a structured note linked to Sonia. The deal was placed with a UK-based distributor.

“The market as a whole has focussed more on the vanilla end where there is liquidity and contracts are simpler,” said Phil Lloyd, head of market structure and regulatory customer engagement at NatWest Markets.

NatWest Markets self-led the £10.704m June 2023 Sonia-linked floored floating rate note, ...

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