US wrap: Eksportfinans opts for reverse convertible tracking

Eksportfinans dominated light issuance in the US, with four out of a total of seven new products being issued by the Norwegian finance institute. Eksportfinans' reverse convertibles track a range of companies' stocks with JP Morgan, Amazon.com, Consol Energy and steel company Alcoa providing underlyings for the notes. The Reverse Exchangeable Securities linked to JP Morgan are four-month investments that pay a monthly income equivalent to 10-11% annually. Principal protection depends on the s

To continue reading...