Europe’s retail investors are about to be inundated with securities that claim to put them on a par with the most prized funds.
In December, Landesbank Baden-Württemberg (LBBW) was planning to become the first AAA issuer of continuously offered bonds in Europe. LBBW was due to join Bank of America and FCE Bank, the European funding arm of Ford Motor Credit, in issuing InterNotes.
InterNotes are fixed-income instruments that investors can buy or sell in denominations of just $1,000, £1,000 or e1,000.
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