In the wake of the global economic crisis there are victims on both sides. Investors have excess cash but are afraid to move it. Issuers need to raise capital but are afraid to sacrifice their hard-won reputations with issues that flop.
What is the solution to this stalemate? Barclays Capital thinks it might be to build a book for floating-rate notes.
As the leader in sterling bonds and FRNs, Barclays Capital thought a little customer care was needed to start things rolling.
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