Investor diversification is set to widen further in the coming months.
Last year proved a watershed for the EuroMTN market. A €50 billion boom in demand for CMS-linked structured notes from European retail and institutional investors drove a seismic shift from granular private placements into syndicate-sized jumbo trades. In addition, there was a swing to euros away from the market’s former reliance on appetite in Japan and the rest of Asia for yen and dollar structures.
“In 2005, dealers and structurers optimized their reach into client networks, retail intermediaries and institutions to create a liquid market for €100 million-plus and even benchmark-sized structured notes,” says Mike Tims, founder and CEO of mtn-i, a specialist information provider on the structured note market.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
