The Euro medium-term note (EMTN) market is 10 years old this year. In 1986, Euromoney quoted Brian Woolley, then head of capital markets at Citibank International, saying: “One day the MTN will take over the world.” Woolley is now a managing director at Citi. “I was 10 years ahead of my time,” he says. “I was absolutely right. MTNs are now the predominant way of issuing international debt.”
The EMTN market has just grown bigger than its parent, the US MTN market.
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