Issuer: Snap
Amount: $1 billion
Arranger: ING Barings
Launched: August 24 1994
Issuer: Ribs
Amount: $5 billion
Launched: March 27 1997
Arranger: Deutsche Morgan Grenfell
Back from a few days wandering the medina in Marrakech, you are inspired to take a punt on Moroccan securities. Scouring the Euromarkets, you can’t find a product that fits your investment criteria, and you haven’t got the first idea how to access Morocco’s domestic market. What option do you have, apart from placing a bulk order for Moroccan carpets?
An increasingly attractive solution for investors is buying an MTN issue from a programme set up to repackage securities.
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