Negotiating SPV Structured Note Terms: A Primer For Investors

Structured notes are useful tools for both investors and issuers because of their flexibility. They can be linked to the performance of equity securities, loans, bonds, indices, commodities or a basket of financial assets and can provide investors with a leveraged exposure to the reference asset or a hedge against particular assets to which they already have exposure. The issues an investor needs to care about will vary greatly depending on the type of the structured note and the investor's sensitivity to counterparty and structural risks. This article will focus on the issues that an investor should consider before investing in structured notes issued by special purpose vehicles (SPVs).

  • 16 Apr 2010
Structured notes are useful tools for both investors and issuers because of their flexibility. They can be linked to the performance of equity securities, loans, bonds, indices, commodities or a basket of financial assets and can provide investors with a leveraged exposure to the reference asset or a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,137.72 186 8.23%
2 JPMorgan 57,032.77 202 8.08%
3 Barclays 49,551.65 159 7.02%
4 Bank of America Merrill Lynch 42,095.04 147 5.96%
5 Deutsche Bank 38,217.89 137 5.41%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 6,045.16 4 18.58%
2 BNP Paribas 1,742.18 7 5.36%
3 Credit Agricole CIB 1,539.94 8 4.73%
4 MUFG 1,257.24 4 3.87%
5 SG Corporate & Investment Banking 1,165.08 6 3.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 998.25 3 13.49%
2 Citi 693.55 2 9.37%
3 Morgan Stanley 572.72 3 7.74%
4 Bank of America Merrill Lynch 509.34 3 6.88%
5 Jefferies LLC 409.89 4 5.54%