MTNs drift on market uncertainty

Headline: MTNs drift on market uncertainty Source: EuromoneyDate: November 2001Author: Chris Newlands MEDIUM-TERM NOTES         Kristine Falkgard Issuance is down in the medium-term note market. September’s terrorist attacks have left the market nursing its wounds. Fears about liquidity and concerns about widening spreads have persuaded many issuers and investors to stay away. […]

Headline: MTNs drift on market uncertainty
Source: Euromoney
Date: November 2001
Author: Chris Newlands

MEDIUM-TERM NOTES

       
Kristine Falkgard
Issuance is down in the medium-term note market. September’s terrorist attacks have left the market nursing its wounds. Fears about liquidity and concerns about widening spreads have persuaded many issuers and investors to stay away.

Triple-A issuers are an exception. Investors’ flight to quality has made it an excellent time for triple-As to place paper and, despite many triple-A issuers already exceeding their funding targets for 2001, high-grade borrowers are flocking to the market

But for the lower-rated issuers life is more difficult.










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