MTN market marches on with Asian demand

03 Jun 2010

A promising rise in enquiry at the end of last week was beaten down as Moody’s downgraded the Kingdom of Spain on Friday, battering fragile investor confidence sidelining European investors.

Callable zeros, RMS rangers and yen trades were again the mainstay of the MTN market as Asian investors continued buying these notes throughout the week.

Banque et Caisse D’Epargne de l’Etat sold a $24.9m 10 year quarterly callable RMS ranger via Deutsche Bank.

Asian Development Bank sold five $10m ...

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