Investors target niche products in hunt for yield
Investors’ hunt for yield has translated into a big week for niche currency vanilla MTNs with investors in Europe and Asia showing interest in a greater variety of currencies. Demand for lightly structured MTNs also remained strong this week as a result.
Primary flow in the more common niche currencies Brazilian real, South African rand, Indonesian rupiah, Australian dollars and New Zealand dollars has been consistent this week.The World Bank sold a R900m ($116m) 3.1 year fixed rate note via Daiwa on Wednesday. The deal pays a 7.4% ...
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