Floaters dominate MTN market in low rate environment

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By Lewis McLellan
26 Jan 2016

A difficult start to 2016 has led public markets looking subdued at best. Issuers and investors alike are turning to the private placement market to get deals done.

However, low interest rates and liquidity concerns mean that some deal types are more popular than others.

“Bond futures are getting higher, it’s a difficult time just now and overall volumes are down,” said a senior MTN banker based in Germany. “However, we’re seeing a lot of floaters because ...

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