Demand for floating-rate note products increased in the last two weeks of June as investors tried to lock in protection against expected interest rate increases. Four benchmark non-financial corporate transactions totalling €2.8 billion were launched at the back end of last month alone, to bring the total year-to-date benchmark issuance to €7.73 billion.
“For the investor community the floater universe is attractive because it offers them interest rate protection. The pure lack of supply in f
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