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Ex-Credit Suisse banker joins for debt structuring job
Opportunistic covered deals unearth demand at the very short end
◆ Floaters find demand as new quarter begins ◆ Quiet public market paves way for semi-private placements
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A former Bank of America Merrill Lynch vice president has joined Nomura's MTN team.
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A slew of oversubscribed deals in the public market could lead to an upswing in demand for MTNs, said bankers.
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Autumn is approaching swiftly and, along with falling leaves and lengthening nights, it will bring US money market fund reform. But banks don't seem ready.
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A third Turkish bank has returned to the MTN market, joining Vakifbank and Yapi Kredi with a short dated private placement as prices approach the levels they held before the failed military coup on July 15.
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The MTN market, undeterred by volatility afflicting public issuance, has produced a respectable flow of deals since the UK voted last week to leave the European Union.
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The head of medium term notes at JP Morgan has left the firm after almost 15 years.